DemirBank according to the rating of the Azerbaijan Mortgage Fund (AMF) ranked first among the country's banks to issue mortgages.
Figures for 2013 were posted on the AMF. According to statistics, 976 mortgage loans to DemirBank, were refinanced by the AMF. It is the highest index among authorized credit institutions.
It should be noted that, in addition to cooperation with the Azerbaijan Mortgage Fund, DemirBank also provides mortgage lending at its own expense. Mortgage loans from the funds of the Bank shall be issued for the purchase or construction of housing.
DemirBank, is the first commercial bank in the country, which began operations in 1989. Among its shareholders are major international financial institutions such as the European Bank for Reconstruction and Development and the Netherlands Development Finance Company (FMO). DemirBank ranks from Fitch Ratings at "B" with "stable" forecast and Planet Rating at "B" with "positive" forecast . These ratings are among the highest in the banking sector of Azerbaijan. -15D -
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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