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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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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