The assets of Bank Respublika in 2016 compared to 2015 increased by 18 million 556 thousand manat or 2%, amounting to 912 million 117 thousand manat.
For the specified time the bank’s liabilities increased to 871 million 793 thousand manat (an increase of AZN 33 million 855 thousand or 4%).
Deposits of legal entities in the bank during this period increased by 24.9% or 72 million 214 thousand manat and amounted to 361 million 855 thousand manat and the deposits of physical persons decreased by 77 million 949 thousand manat or 29% to 189 million 961 thousand manat.
The bank’s debt to financial institutions as a whole rose by 43 million 179 thousand manat or 16.1% and reached 311 million 58 thousand manat.
The bank's capital for the reporting period decreased by 15 million 299 thousand manat or 27.5% to 40 million 324 thousand manat.
The bank completed the year 2016 with a loss of 34 million 609 thousand manat. ---71D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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