The assets of Bank Respublika within 10 months of this year increased 26.23%, reaching 395 million manats. The liquid assets of the bank reached 103 million manat, or 26.3 percent of the total assets.
The bank's loan portfolio increased 57.9 million or 33.4% and amounted to 231 million manat.
The total amount of the money of the bank's customers for the period rose 32% to 213.1 million manat.
The bank's income totaled 39.5 million manat, including non-interest - 12.5 million manat. The net profit amounted to 10.8 million manat.
The aggregate capital of the bank at the end of October amounted to 62.3 million manat. -15D -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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.
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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.
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