Assets of Access Bank in the third quarter of 2016 decreased compared to the beginning of the year by 11.3% (134 million 709 thousand manat), amounting to 1 billion 54 million 88 thousand manat.
The obligations of the bank during the reporting period decreased by 60 million 498 thousand manat (5.8%) and accounted for 970 million 59 thousand manat.
The deposits of Access Bank decreased by 10 million 635 thousand manat (3.8%) and amounted to 269 million 177 thousand manat.
The debt of the bank to the Central Bank of Azerbaijan increased from 20 million to 30 million manat from the beginning of the year.
The capital of Access Bank for the reporting period amounted to 84 million 29 thousand manat (a decrease of 46.9% - 74 million 211 thousand manat). ----71D
Economics
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Azerbaijan's economy demonstrated robust growth from January to November 2024, with gross domestic product (GDP) rising by 4.7% compared to the same period last year, according to government data. By September, GDP had reached 92.83 billion manats (approximately $54.7 billion USD), reflecting significant progress in diversifying beyond oil and gas, a longstanding focus of economic policy.
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A recent report by the World Bank titled “Breaking Barriers for Women’s Employment in Azerbaijan” sheds light on the significant gender imbalance in the country’s labor market. While both men and women participate actively in the labor force, disparities in employment rates, job quality, and societal attitudes highlight the challenges women continue to face.
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Azerbaijan's consumer price index rose by 4.4% in November 2024 compared to the same month in 2023, driven by higher costs for food, beverages, and services, government data showed on Tuesday.
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Kazakhstan has unveiled plans to develop five major cross-border trade and transport hubs to enhance connectivity and boost economic ties with neighboring countries, Trade and Integration Minister Arman Shakkaliev said on Monday during a government meeting.
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