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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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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