OJSC DemirBank gives subsidized consumer loans (including mortgage, car loans and programs with partners) to repeated customers with a positive history of at least 9 months.
As reported in the bank, this program extends to customers that paid off credit debts (except those who applied more than a year after retirement), and clients with a current loan, the term of which ends with a maximum of 6 months. The credit can be issued without a certificate from the employer, if the client did not change the place of work and asked for 6 months after the last repayment.
Repeated customers can receive a credit for a large sum, and the interest rate will be given at a discount of 2 - 3%. Repeated customers with good credit history up to 24 months may receive a loan of up to 2,500 manat without bail, and those with a history of over 24 months - 5,000 manat. -15D -
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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