International Bank of Azerbaijan-Georgia (IBA-Georgia) received in the first three quarters of 2012 net income of Lari 4.3 million, which is four times more than the same period last year.
According to the report of the IBA, the bank's assets as of October 1 of this year amounted to Lari 128.7 million, an increase for the period by 28.13%. The loan portfolio grew by 71.3%, to Lari 97.7 million.
The number of businesses and individuals - the bank's clients - was 1,462 (12-month growth by 37.5%). The deposit portfolio increased by 35%, reaching Lari 89.2 million.
International Bank of Azerbaijan - Georgia got the state and tax registration in 2006, and in February 2007, it was licensed by the National Bank of Georgia. Today, the authorized capital is Lari 22.7 million. - 15D -
Economics
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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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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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