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
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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