Assets of Capital Bank in January-July 2013 decreased by 2,174.12 million or three times prior to 1065.9 million manat. The loan portfolio decreased by 967.9 million or 2.3 times to 761.6 million manat. According to the bank, decline was observed in the loan portfolio, due to the payment of loans under the large-scale projects.
According to the bank's deposit portfolio for the period decreased by 15.53 million or 2.9% to $ 521.9 million manats, including household deposits decreased by 269.3 million or 3.5 times to 108.9 million manat.
Revenues and expenses of the bank equaled 70.4 million, respectively, and 55.1 million manat. The profit amounted to 15.3 million manat. - 15B -
Economics
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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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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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