Assets of JSC Bank VTB (Azerbaycan) increased in January -September 2013 by 93.4 %, reaching 166.39 million manat. The volume of issued and corporations loans has doubled and amounted to 146.65 million manat.
The total liabilities of the bank increased from 73.09 million to 137.13 million manat. The deposit portfolio increased by 3.1 times, amounting to 17.48 million manat, including term client investments increased 2-fold to 4.38 million manat.
Balance sheet assets reached 29.26 million manat. The total capital increased by 100 % higher than the 31.39 million manat, and paid charter capital - by 58 % to 37.59 million manat.
The bank's earnings were equal to 14.16 million manat and expenditures - AZN 13.11 million, an increase compared to the same period in 2012 respectively by 73.2 % and 18 %. Net profit after tax amounted to 1.05 million manat. At the end of three quarters of 2012 the bank posted a loss of 2.88 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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