Total assets of Azerbaijani banks increased in August this year by 225.4 million or 1.2% to 18,918.9 million manat. From the beginning, bank assets grew by 14.4 %, while for the year 3907 on the million or 26%.
According to the Central Bank of Azerbaijan, credit investments on September 1 totaled AZN 14,062.7 million, an increase in the reported month by 1.9 %. Over the past year, lending to the economy grew by 30.9 %.
Deposits in banks in August increased 71.1 million or 1.2 % to 6090.4 million manat. This figure since the beginning of the year grew by 19.1 %, and for 12 months - 36.5 %.
The total capital of the banking sector has increased in the reporting month by 67.2 million or 2.2% amounting to 3076.6 million manat. During the year the figure rose to 839.1 million or 37.5%. - 15B -
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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