The assets of Bank Capital for the first three quarters of 2016 compared to the beginning of the year increased by 39.1% (790 million 10 thousand manat), amounting to 2 billion 807 million 376 thousand manat.
During the reporting period, the bank's liabilities increased to 2 billion 537 million 902 thousand manat (47.1% or 812 million 908 thousand manat).
The debt of Bank Capital to the Central Bank for the period fell to 81 million manat (80% - 331 million 322 thousand manat).
The bank's capital decreased by 7.8% (22 million 899 thousand AZN) to 269 million 473 thousand manat. ------71D
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review