Share of assets 5 largest banks in aggregate indicator of the banking system as of January 1, 2013 amounted to 59.3%, which is 2.74% more than it was at the end of 2011. The share of these banks had 56.7% (at the end of 2011 - 54.37%) of all credit investments in the economy, 90.4% (88.53%) of investments in securities, 64.5% (66.67% ) corporate deposits, 54.8% (50.74%) of retail deposits and 50.2% (44.92%) of the aggregate capital.
According to the Central Bank of Azerbaijan, the share of assets of the next 10 largest banks by assets in aggregate indicator was 29.3% (in early 2012, 24.49%), 16-30 banks - 7.5% (14.50%) , the remaining 13 banks - 3.9% (4.45%).
Azerbaijani banks' total assets increased during 2012 to 3696.64 million or 26.5% to 17643.45 million ($ 22.5 billion). - 15B -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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