In 2016, the assets of Bank of Baku amounted to AZN 549 million 609 thousand, down compared with 2015 by 25.2%, or 185 million 239 thousand manat.
The bank's liabilities during the reporting period decreased by 26.1% or 168 million 760 thousand manat, reaching 476 million 741 thousand manat.
Deposits in the bank fell to 284 million 042 thousand manat (- 145 million 918 thousand manat or 33.93%).
The debt of Bank of Baku to the Central Bank increased from 40 million manat in 2015 to AZN 60 million in 2016.
The bank's capital was reduced by 16 million 480 thousand manat or 18.4%, amounting to 72 million 867 thousand manat in 2016.
Bank of Baku completed the year 2016 with a loss of 15 million 330 thousand manat. -----71D
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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