Assets of Express Bank in 2016 decreased by 34 million 899 thousand manats or 10.84% compared to 2015 and amounted to 286 million 822 thousand manat.
For the specified time bank liabilities decreased by 19.6% or 35 million 380 thousand manat and amounted to 144 million 789 thousand manat.
Deposits at the bank rose to 92 million 690 thousand manat (+ 7 million 259 thousand manat or 8.49%).
Call deposits of legal entities are 21 million 407 thousand manat and those of individuals are 10 million 915 thousand manat.
Timed deposits of individuals are equal to 60 million 368 thousand manat.
Express Bank’s capital for the reporting period amounted to 142 million 32 thousand manat (an increase of 480 thousand manat or 0.33%).
In 2016 the bank showed a profit of 439 thousand manat. --71D
Economics
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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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Azerbaijan’s Cabinet of Ministers has approved new hourly wage rates for educational staff involved in teaching activities at state-funded institutions, effective immediately. The decision, formalized under Decree No. 542, outlines differentiated payments based on academic qualifications and teaching levels.
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The government of Azerbaijan approved new regulations regarding the leasing of agricultural lands in liberated territories to residents of villages and settlements on preferential terms. This initiative aims to revitalize rural communities and stimulate agricultural production.
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