The Bank Respublika assets for the first three quarters of 2016 grew by 2.1% compared with the beginning of the year (18 million 960 thousand manat), amounting to 912 million 521 thousand manat.
The bank's liabilities during the reporting period increased by 34 million 209 thousand manat (4%) and account for 872 million147 thousand manat.
In the specified time the bank attracted 253 million 606 thousand manat from financial institutions, which is 15.7% (34 million 536 thousand manat) more than at the beginning of the year.
The bank's capital reduced for 9 months of this year by 27.4% (AZN 15 million 249 thousand) and was 40 million 374 thousand manat for the period reported.
Deposits of legal entities in the bank for three quarters increased by 35 million 236 thousand manat (12,1%) and account for 324 million 877 thousand manat, while the deposits of individuals within the specified time decreased by 39 million 215 thousand manat (14%) and account for 228 million 695 thousand manat. -----71D
Economics
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The Azerbaijani government has adopted new guidelines to facilitate employment for individuals with special social protection needs and those facing difficulties in securing jobs. The resolution, approved on December 29 by the Cabinet of Ministers, outlines targeted programs aimed at job creation through public-private collaboration.
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The Cabinet of Ministers of Azerbaijan has approved new regulations to facilitate targeted employment programs aimed at supporting individuals with special social protection needs and those facing employment challenges. The measures, under the State Employment Agency, seek to enhance job creation in priority economic sectors.
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The Cabinet of Ministers of Azerbaijan has announced key amendments to various regulatory acts to ensure compliance with the law adopted on May 24, 2024, aimed at updating the Tax Code, the Customs Code, and laws on state duties and licensing.
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The Azerbaijani Cabinet has implemented significant changes to energy regulations in line with new laws aimed at enhancing the country’s electrical infrastructure. A decree signed by Prime Minister Ali Asadov on December 29 introduces amendments to several prior governmental decisions and cancels previous regulations, including a key rule on electricity production and equipment operation limits.
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