The assets of Bank Silk Way in 2016 compared to 2015 increased by 42 million 39 thousand manat, or 11.6%, amounting to 403 million 992 thousand manat.
The bank's liabilities for the specified time increased by 29 million 22 thousand manat or 11.2%, reaching 287 million 531 thousand manat.
The volume of bank deposits of Silk Way during this period amounted to 170 million 44 thousand manat (an increase of 20 million 804 thousand manat or 13.9%).
Call deposits of individuals are 35 million 636 thousand manat and those of legal entities are 7 million 501 thousand manat.
Timed deposits of individuals are 120 million 381 thousand manat and those of legal entities are 6 million 525 thousand manat.
The debt of Bank Silk Way to the Central Bank is equal to 22 million 500 thousand manat.
The bank's capital for the reporting period increased by 12.58% or 13 million 17 thousand manat, reaching 116 million 461 thousand manat.
The bank ended the year with a profit of 1 million 558 thousand manat. 71D
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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