Obligations of the banking system for loans borrowed from the Central Bank of Azerbaijan (CBA), expanded in June by 137.7 million or 6.4 percent to 2,273.4 million manat. For the one-year period, it increased by 288.7 million or 14.5%, since the beginning of the year - by 240.8 million or 11.8%.
According to the CBA, since last June centralized credits were issued at the rate of 5.25% per annum.
At the end of June, the Central Bank centralized resources were 50.1% of all funds raised by banks from the financial sector, and 18.1% of the total liabilities of the banking system.
It is noteworthy that, 4 years ago, on July 1, 2008, when the global financial crisis had only just begun to be felt in the country's banking system, the share of CBA loans came to only 100.9 million or 1.4% of the total liabilities of the banks. -15B-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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