Total assets of Azerbaijani banks increased in June 191.6 million or 1.1% to 18,186.3 million manat. From the beginning, bank assets grew by 10% and for the year to 3,471.1 million or 23.6%.
According to the Central Bank of Azerbaijan, credit investments at July 1 totaled AZN 13,420.4 million, an increase in the reporting month by 2.8%. Over the past year, lending to the economy grew by 28.3%.
Deposits in banks in June increased 30.7 million or 0.5% to 5,922.2 million manat. This figure since the beginning of the year increased by 15.8%, and for 12 months - 35.4%.
The total capital of the banking sector has increased in the reporting month to 112.7 million or 4.1%, amounting to 2,883.5 million manat. During the year the figure rose to 774.1 million or 36.7%. - 15B -
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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