In order to provide customers with discounted banking products "Bank of Baku" launches a new project Amanat Klubu. Every depositor with a deposit history of at least 12 months can join the club. Based on the terms of cooperation with the Bank, the club members are divided into three categories:
Prestige (depositors with deposit history from 12 to 36 months)
Deluxe (depositors with deposit history of 36 to 60 months)
Elite (depositors with deposit history of more than 60 months)
Depending on the amount of the deposit, there are three categories in each group. For each contributor are special cards and privileges. Depending on the card, the customer can take advantage of various benefits, including interest gained on the contributions of a soft loan, a free service of SMS banking and internet banking.
Customer deposit history starts from 2005. Time intervals are not considered as deposit history.
Note that, the deposit portfolio of Bank of Baku at the end of February this year exceeded 288 million manat. Thus, compared to the same period last year, the deposit portfolio of the bank increased 49%. -15D -
Economics
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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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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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