Assets of Access Bank in 2016 compared to 2015 decreased by 11% or 129 million 926 thousand manat, amounting to 1 billion 58 million 871 thousand manat.
The bank's liabilities during the reporting period decreased by 2.3% or 24 million 146 thousand manat and reached 1 billion 6 million 411 thousand manat.
At the same time, the volume of bank deposits increased by 1.8%, or 5 million 34 thousand manat and reached 284 million 846 thousand manat.
The debt of Access Bank to the Central Bank increased from 20 million to 30 million AZN.
The bank's capital for the specified time decreased from 158 million 240 thousand to 52 million 640 thousand manat. ---71D
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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