Assets of the «AFB» Bank in 2016 compared to 2015 decreased by 8.284.000 manats, or 2.68%, and totaled 300.446.000 manats. According to Turan, the bank's liabilities during the reporting period decreased to 219. 311.000 manats (-13,053.000 manat, or 5.61%).
Deposits in the «AFB» Bank fell by 45. 985.000 manats, or 32.2%, to 96.723.000 manats. Deposits of legal entities amount to 46.861.000 manat, and 16.679.000 manats.
Term deposits of legal entities «AFB» make up 26.151.000 manat and 7.031.000 manats.
The bank's capital «AFB» for the period amounted to 81.134.000 manat (an increase of 4.768.000 manats or 6.24%). The bank completed the 2016 year by a profit of 2.554.000 manats. The bank's authorized capital is 70.393.000 manats. 71D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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