JSC Bank of Azerbaycan for the first half 2013 had net profit after tax of 8.54 million manat, which is 5 times more than the same period in 2012. The bank's earnings were equal to 22.5 million manat, and expenses were 13.96 million manat, increasing respectively by 88.6% and 34.8%.
Total assets increased from January to June by 32%, amounting to 347.63 million manat. The volume of issued and corporations loans increased by 38.9% and amounted to 299.34 million manat.
The deposit portfolio increased by 17.83% to 181.05 million manat, including demand deposits increased by 23.78% to 74.76 million manat.
Paid charter capital increased by 10.4% reaching the level of 50 million manat. - 15B -
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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