Obligations of the banking system for loans borrowed from the Central Bank of Azerbaijan ( CBA) , expanded in July of this year to 42.8 million or 1.4 percent to 3,044 million manat. Over the period of one year the figure rose to 764 million manat or 33.5 % , since the beginning of the year decreased by 243.9 million or 8%.
According to the CBA , since February of this year, the centralized credits are issued at the rate of 4.75% per annum.
As of the end of July, centralized resources of the Central Bank amounted to 49.9 % of all funds raised by banks from the financial sector and 19.4 % of total liabilities of the banking system.
It is noteworthy that 5 years ago, on August 1, 2008 , when the global financial crisis has only just begun to be felt in the banking system of the country , the proportion of loans CBA came to only 114.6 million or 1.5% of total liabilities of the banks. - 15B -
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review