The assets of JSC Caspian Development Bank amounted to 50 million 893.97 thousand manat, an increase over the past year by 3.37 times.
According to the financial statements on the website of the structure, the cash of CDB as of January 1 amounted to 38 million 314.82 thousand manat (an increase by 141.5 times), assets in securities - 12 million 256.521 thousand manat (minus 10.8 %).
The bank's liabilities are equal to 352.72 thousand manat (seven-fold drop in the level). The capital is 50 million 541.25 thousand manat (an increase by 4 times), the authorized capital - 50,020,000 manat (an increase by 4.16 times).
JSC Caspian Development Bank (previously Kovsar Bank) was established in 1988. In December 2014 part of the bank's shareholders changed, and in January the bank changed the name. In particular, Synergy Group founded in 2010 has become the main shareholder. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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