The total capital of two of the 43 banks in Azerbaijan on the basis of July 2013 did not meet the minimum requirement of 10 million manat.
According to the Central Bank of Azerbaijan ( CBA) in the reporting month, there were two banks with total capital within 3.5-5 million manat, and their share in the total capitalization of the banking system was equal to 0.3 %. At the end of the month there were no banks with capital less than 3.5 million and in the range of 5-10 million manat.
The number of banks with a total capital of over 10 million manat in July remained at 41. Their share in the total capital was equal to 99.7 %.
The minimum requirement for the size of the total capital of banks from July 2007 is 10 million manat. According to the CBA's decision last year to 1 January 2014 this figure will reach 50 million manat. -15B-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review