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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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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Данная инициатива направлена на цифровизацию процессов управления в сфере безопасности пищевых продуктов в Азербайджане, создание более эффективной и прозрачной системы за счет применения современных технологий.
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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