Assets of JSC Bank Standard in Jan-March 2013 grew by 9.7%, amounting to 876.89 million manat. Lending to individuals and legal entities rose to 580.35 million manat.
Deposit portfolio amounted to 577.62 million manat. Of these, 462.93 million manat fell to urgent client investments.
The balance capital decreased 4.32 million or 7.5 per cent to 52.91 million manat. Paid charter capital remained at the level of AZN 75 million.
The total income of Bank Standard in the first three months of this year amounted to 19.67 million manat.
Since the end of the third quarter of 2011, the bank hides from the public the data on its own costs and the level of total capital. - 15B -
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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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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