The assets of the International Bank of Azerbaijan in Jan-May 2013 rose by 9% to 6,532.867 mln. The volume of issued and corporations loans increased by 11.3% to 4,293.4 million manat.
The total liabilities of the bank increased from 5,345.441 to 5,945.074 million manats. The deposit portfolio increased by 20.9% to 2,909.146 million manat, including term client investments increased by 1.6% to 1,533.45 million manat.
The balance capital grew by 7.7%, reaching 587.79 million manat, and paid charter capital - by 2.8% to 340 million manat.
Revenues and expenses of the bank equaled 206.38 million and, respectively, 171.69 million manat. Net profit after tax amounted to 34.68 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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