Assets of JSC Bank of Azerbaijan on the 1st of June this year reached the level of AZN 325.8 million, an increase compared to the previous year by 63%.
Lending to individuals and legal entities in the reporting period increased by 75% to 296.9 million manat.
According to the bank's retail deposits reached 85.2 million manat, and paid charter capital - 50 million manat.
At the end of May 2013 interest income equaled 15.2 million manat, and non-interest - 2.99 million manat.
One of the prominent representatives of the financial and banking sector "Bank of Azerbaijan" in operation since 1993. The Bank operates through 16 branches and three offices (excluding head office). "Bank of Azerbaijan" actively supports cooperation with leading banks in Germany, Russia, Turkey and other countries. -15D -
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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