OJSC DemirBank in the first three quarters of 2013 had a net profit after tax of 3.5 million manat, which is 57 % more than the same period in 2012 . The bank's earnings were equal to 44.8 million manat and expenditures - 41.3 million manat, increasing respectively by 18.8 % and 16.3 %.
The assets decreased in January -September, up 1.3 % to 378 mln AZN. The volume of loans increased 6% to 289.89 million manat.
The total liabilities of the bank decreased from 336.79 million to 329.08 million manat. The deposit portfolio increased by 3.8 %, amounting to 173.84 million manat, including term client investments increased by 7.9 % to 142.75 million manat.
The balance capital grew by 5.4 % to 48.92 million manat, and the total capital - by 3.4 % higher than 57.81 million manat. The paid charter capital remained unchanged at 21 million manat. - 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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