Assets of AG Bank for the third quarter 2016 compared to the beginning of the year increased by 8 million 711 thousand manat (1.7%) and account for 506 million 807 thousand manat.
The bank's liabilities during the reporting period decreased by 1.4% (6 million 221 thousand manat), reaching 439 million 992 thousand manat.
Deposits of AG Bank from the beginning of the year have decreased by 80 million 542 thousand manat (27.6%) amounting to 210 million 859 thousand manat, of which foreign currency amounted to 187 million 552 thousand manat.
Demand deposits of individuals in the bank were equal to 28 million 754 thousand manat and time deposits of individuals were 116 million 946 thousand manat.
Demand deposits of legal entities in AG Bank made up 61 million 336 thousand manat and time deposits of legal entities were 3 million 821 thousand manat.
AG Bank’s debt to the Central Bank of Azerbaijan for the period amounted to 45 million manat, whereas in the beginning of the year the debt amounted to 6 million manat.
The bank's capital for a specified time was 66 million 814 thousand manat (growth in comparison with the beginning of the year was 14 million 931 thousand manat - 28.7%). -----71D
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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