The assets of the International Bank of Azerbaijan in 2016 compared to 2015 decreased by 1 billion 017.998 million manat, or 7.68%, to 12 billion 223.723 million manat.
Within the specified time, the bank's liabilities increased by 289,259,000 manat or 2,29%, reaching 12 billion 903 million 359 thousand manat.
The IBA debt to the Central Bank declined over the year by AZN 50 million and amounts to 600 million manat.
During the reporting period the deposits in the bank were reduced by 197,122,000 manat, or 3.17%, to 6,012,172,000 manat.
IBA on the basis of 2016 has a negative capital of 679,635,000 manat. Loss of the bank in 2016 amounted to 1,356,492,000 manat. ----71D
Economics
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Azerbaijan and EIB Global, the European Investment Bank’s external branch, signed a Memorandum of Understanding (MoU) at the COP29 climate summit to modernize and expand the Baku metro network, officials said on Thursday.
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International Energy Agency (IEA) Executive Director Fatih Biröl underscored the importance of tripling global renewable energy capacity by 2030 and doubling energy efficiency during his remarks at a ministerial meeting in Baku on Friday, emphasizing that these issues would be central to discussions at COP 29.
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During COP29, the Ministerial Meeting on Climate and Innovation Dialogue of the United Nations Special Programme for the Economies of Central Asia (SPECA) marked a milestone with the signing of a declaration to establish the SPECA Climate and Innovation Dialogue and the launch of the SPECA Multilateral Trust Fund.
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Kazakhstan's Vice Minister of Energy, Ilyas Bakhytzhan, highlighted the ambitious sustainability and environmental security plans shared by Central Asian countries and Azerbaijan during a joint event with IRENA and Azerbaijan's Ministry of Energy at COP29.
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