The deposit portfolio of Gunay Bank increased in January-September this year, up 30.9% to 12.26 million manat, including term client investments increased by 19% to 9 44 million manat.
The bank's assets during the first three quarters of 2012 increased to 37.76 million manat. Lending to individuals and businesses increased by 30.7% and was equal to 35.03 million manat.
Balance capital grew by 2.8% to 14.83 million manat. The aggregate capital was 11.41 million manat and the paid charter capital remained at 13.02 million manat.
The income and expenses of the bank were respectively 1.4 million and 2.37 million manat. -15B -
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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