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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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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