JSC Demir Bank for three quarters increased its assets by 4.9% - while on January 1 they were 420.3 million, by October 1 they were 441 million AZN.
According to the bank’s information, almost as many (4.5%) and increased its loan portfolio - up to 333 million AZN.
Equity capital from January to October rose by 19.2% to 62.19 million manats.
JSC Demir Bank works since 1989. Its shareholders are more than 850 individuals and legal entities. Among the largest are the European Bank for Reconstruction and Development (25% + 1 share) and Netherlands Development Finance Company (FMO, 10%). --17D-
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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