The deposit portfolio of the International Bank of Azerbaijan (IBA) as of April 1, 2013 exceeded 3 billion manat, increasing in relation to the April 1, 2012 by 10.6%, according to the press service of the bank.
Deposits in the bank in Q1, 2013 amounted to 1.419 billion manat. Their growth in relation to the April 1, 2012 was 43.2%.
The International Bank of Azerbaijan (IBA) was founded in January 1992 and is the largest bank in the country. The main shareholder is the government of Azerbaijan, which owns 50.2 percent of the shares, 49.8 percent owned by private individuals and legal entities. -15D -
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review