Assets of Credo Bank increased in January-June of 2013 by 19.9%, reaching 119.69 million manat. The volume of issued and corporate loans increased by 28.1% and amounted to 92.08 million manat.
The total liabilities of the bank increased from 63.73 million to 64.85 million manat. The deposit portfolio decreased by 2.5% to 15.77 mln, while the client-term investments increased by 5.5% to 13.45 million manat.
The balance sheet assets reached 50.93 million manat. The total capital grew by 64.8% to 49.06 million manat, and the paid charter capital - by 67.3% to 46.04 million manat.
The bank's earnings were equal to 5.1 million manat and the expenditures - AZN 4.64 million, an increase compared to the same period in 2012 respectively by 8.3% and 6.9%. The net profit after tax increased 28.1% to 451,000 manats. - 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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