Bank BTB concluded the year 2016 with a loss of 786 thousand manat.
In 2016 the bank's assets rose by 30 million 459 thousand manats or 14.43% compared to 2015, reaching 241 million 508 thousand manat.
During the reporting period, the bank's liabilities increased by 43 million 140 thousand manat or 27% to 202 million 508 thousand manat.
Deposits in the bank decreased by 15 million manats or 19.3%, and now are 65 million 942 thousand manat. Of these, 58 million 779 thousand manat is in foreign currency.
Call deposits of legal entities in the bank account for 1 million 723 thousand manat and those of individuals are 6 million manat.
The bank also has timed deposits of individuals in the amount of 58 million 218 thousand manat.
During the reporting period, Bank BTB reduced the debt to the Central Bank of Azerbaijan from AZN 38 million 110 thousand to AZN 30 million 900 thousand.
The bank's capital during this period decreased by 24.7% or 12 million 680 thousand manat, amounting to 38 million 622 thousand manat. ----71D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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