Assets of Expressbank increased in January -September 2013 by 2.2 %, reaching 256.21 million manat. The volume of issued and corporations loans increased by 57.1 % and amounted to 163.55 million manat.
The total liabilities of the bank declined from 148.89 million to 131.87 million manat. Deposit portfolio decreased by 26.9 %, amounting to 108.85 million manat , while the term client investments increased by 30.6 % to 37.12 million manat.
Balance sheet assets reached 124.34 million manat. The total capital grew by 20.5 % higher than the 120.08 million manat, and paid charter capital - by 16.4 % to 101.71 million manat.
The bank's earnings were equal to 25.15 million manat and expenditures - AZN 16.1 million , an increase compared to the same period in 2012 respectively by 8.2 % and 22 %. Net profit after tax decreased by 21.6 % to 7.03 million manat. - 15B -
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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