Deposits of individuals in the St. Petersburg branch of IBA-Moscow has increased by 40%
Assets of the St. Petersburg branch of IBA-Moscow as of October 1, 2012 amounted to 3,193.6 million RUR. The increase compared to the same figure in 2011 was 663 million rubles, or 26 %, and from the beginning of the year - 520 million RUR or 20%.
At the end of the III quarter of 2012, the loan portfolio was more than 2,566 million rubles. In relation to the same index in 2011 the growth rate was 25% or 515 million rubles, and against the beginning of the year it was 466 million or 22%.
The growth of the deposit portfolio of individuals for the year was in the ruble equivalent about 200 million (40%) and reached as of October 1, 2012 688.0 mln. Rates increase from the beginning of the year amounted to 130 million (24%).
The level of the commission income amounted to almost 40%, which is very high for the banking sector.
On 01/10/2012 the branch served 900 active corporate clients. Over-year growth of clients of the branch was 40% and for the first 9 months - 25%.
For the 3rd quarter were carried out more than 14,000 transfers without opening an account in the equivalent of U.S. $ 16.5 million, and about 1,850 transfers paid $2.5 million.
During this period was carried out operations on purchase and sale of foreign currency in cash for 20 million U.S. dollars and 4.5 million euros.
Implemented were client-cash foreign exchange transactions in the amount of $ 400 million and 65 million euros and the bank's own operations in the amount of USD 380 million and 65 million euros.
During the first 9 months of 2012 the branch issued 1,900 bank cards. Turnover of trade acquiring amounted to 210 million RUR, turnover of cash withdrawal from ATMs and POS-terminals of the bank amounted to 190 million RUR and $ 1.5 million. Over this period, it provided over 110,000 external payment orders to legal persons at more than 37 billion rubles.
Now the branch has a main office, located in the historic center of the city and three additional offices throughout the city. The ATM network increased to 19 units, and 123 POS-terminals have been installed in retail outlets. -15D -
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review