Assets of Capital Bank in January-March 2013 decreased by 467.3 million or 14.4% to 2,772.7 million manat. The loan portfolio decreased by 475.9 million or 27.5% to 1253.7 million manat.
According to the bank, the deposit portfolio for the period decreased by 16.7% to 447.5 million manats, including retail deposits decreased by 211.4 million or 2.3 times to 166.3 million manats.
The total capital increased to 118.8 million manat, and the paid charter capital remained at the level of AZN 50 million.
The revenues and expenses of the bank equaled 31.8 million, respectively, and 26.9 million manat. The balance sheet profit for the first quarter amounted to 4.9 million manat. - 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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