Assets of Demir Bank in the third quarter of 2016 compared to the same period last year increased by 83 million 162 thousand manat (18.6%), amounting to 530 million 152 thousand manat.
The bank's liabilities increased by 21.7% (86 million 101 thousand manat) to AZN 482 million 471 thousand during the period reported.
The bank's liabilities include deposits, which constitute 172 million 443 thousand manat. Deposits for the period increased by 9 million 657 thousand manat (5.9%).
Demand deposits of legal entities amount to 11 million 656 thousand manat and demand deposits of individuals amount to 13 million 686 thousand manat.
The bank has 295 thousand manat of term deposits of legal entities and 146 million 805 thousand manat of term deposits of individuals.
The debt of Demir Bank to the Central Bank of Azerbaijan increased from AZN 20 million in the third quarter of 2015 to 37 million manat in the same period this year.
The bank's capital fell by 2 million 939 thousand manat (5.8%), amounting to 47 million 680 thousand manat.
The bank had 124 thousand manat of profit in the third quarter of 2016. -----71D
Economics
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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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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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