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
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review