Assets of JSC Bank Respublika as of July 1 of this year amounted to 426.85 million manat. Lending to individuals and businesses in the first half of the year increased by 3% and was equal to 241.45 million manat.
Total liabilities of the bank decreased from 370.18 million to 369.72 million manat. Deposit portfolio for the period increased by 2.7%, reaching 266.16 million manat, including term client investments increased by 12.2 million or 13.7% amounting to 101.34 million manat.
The balance capital is fixed at 51.75 million manat. The total and authorized capital of the bank amounted to 54.34 million and 37.46 million manat.
Revenues were equal to 27.45 million manat and expenditures - AZN 21.34 million, an increase compared to the same period last year by 23.9% and 33.1%. During the first six months of 2013 the bank had a net profit after tax of 4.89 million manat. -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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