BAKU/18.12.13/TURAN : JSC BTB Bank in the first three quarters of this year had net profit after tax of 3.76 million manat, which is 3.2 times more than in the same period in 2012 . The bank's earnings equaled 14.61 million manat and its expenditures were 10.85 million manat, increasing by 57.8 % , respectively, and 33.9% .
The assets increased in January-September by 27.6 %, amounting to 117.08 million manat. The volume issued to individuals and legal entities grew by 28.4 % and amounted to 106.32 million manat.
The total liabilities of the bank increased from 73.65 million to 85.46 million manat. The deposit portfolio decreased by 0.5 % to AZN 42.7 mln, while the term client investments increased by 9.1% to 35.78 million manat.
The equity capital reached 31.62 million manat. The total capital increased by 88.1 % to 30.35 million manat and the paid charter capital - by 75% to 23.84 million manat. - 15B -
Economics
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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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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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