Total assets of banks in Azerbaijan rose in July to 507.22 million or 2.9% to 18,693.48 million manat. From the beginning, the bank assets increased by 13.1 %, while for the year - by 26.2 %.
According to the Central Bank of Azerbaijan, on August 1, 2013 the amount of cash in banks amounted to 737.1 million manat, funds in correspondent accounts amounted to 1115,7 million manat , lending financial sector - 681.6 million manat, customer lending - 12949 4 million manat , the volume of investments - 1609.7 million manats , other assets - up to 1600.1 million manat.
Liabilities of banks increased in the reporting month to 367.1 million or 2.4% to 15,696.43 million manat. Of these 8488 million manat secured deposits, 6089.9 million manat - with financial sector and 1118.6 million manat - other liabilities.
The total capital of banks increased over the year by 728.4 million or 32.1 %, in July - by 140.1 million manat, or 4.9 percent to 2,997 million manat. - 15B -
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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