Assets of Azerbaijani banks as of the beginning of March 2017 decreased by 1 billion 020.3 million manat or 3.2% compared to the beginning of the year, amounting to 30 billion 419.2 million manat.
The Financial Markets Supervisory Authority states that during the reporting period the liabilities of banks decreased by 6% and amounted to 27 billion 772.7 million manat.
The capital of banks grew by 38.7%, amounting to 2 billion 646.6 million manat.
The debts of commercial banks to the Central Bank are 865.5 million manat (decreased by 49%).
The net profit of banks at the beginning of March amounted to 50 million manat.
Bank deposits of the population make up 7 billion 084.3 million manat.
At the specified time, 32 banks function in Azerbaijan, which have 563 branches, 135 sub-branches and 2,462 ATMs.
16,662 people work in the banking sector. ----71D
Economics
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
-
At the COP29 event titled "Climate Finance Landscape in the South Caucasus and Central Asia" held on November 14, Roland Price, Regional Director of the World Bank for the South Caucasus, highlighted the substantial economic and environmental damage faced by the countries of the South Caucasus, which she estimated at around $100 million annually.
-
SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has signed a series of agreements at the COP29 summit aimed at bolstering the development of renewable energy sources, enhancing energy efficiency, and promoting sustainable growth in Azerbaijan.
-
The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
Leave a review