The assets of Bank VTB-Azerbaijan for the first three quarters of 2016 compared to the same period in 2015 increased by 16.7% (61 million 972 thousand manat), amounting to 431 million 933 million manat.
The bank's liabilities for the reporting period rose to 395 million 28 thousand manat (70 million 413 thousand manat - 21.7%).
At the same time the bank’s debt to the Central Bank increased three times, amounting to AZN 30 million.
Deposits in the bank for the period increased by 23.7% (11 million 132 thousand manat) and are equal to 57 million 993 thousand manat.
In the structure of deposits demand deposits of legal and physical persons are 6 million 780 thousand manat and term deposits of individuals and legal entities are 51 million 213 thousand manat.
The bank's capital decreased by 18.6% compared to the same period last year (8 million 441 thousand manat), reaching 36 million 905 thousand manat. -----71D
Economics
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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.
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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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