JSC Demir Bank for the first half 2013 received net profit after tax of 2.102 million manat, which is 11 % less than the same period in 2012. The bank's earnings were equal to 28.93 million manat, expenses - 26.83 million manat, increasing by 17 % and 20.2 %.
Assets decreased in January -June, up 0.1 % to 383.03 million manat. The volume of issued and corporations loans grew by 1.2 % and amounted to 276.79 million manat.
The total liabilities of the bank decreased from 336.79 million to 334.92 million manat. The deposit portfolio increased by 4.2 % to 174.62 million manat, including term client investments increased by 4.6 % to 138.52 million manat.
The balance capital grew by 3.7 % to 48.11 million manat, and the total capital - by 2.3 % to 57.22 million manat. Paid charter capital remained unchanged and totaled AZN 21 million. -15B-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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