The number of licensed bank branches in the Absheron economic region in the first half of this year increased by 2 units to 379. At the same time, this region retained the status of the region most dosed with banking offices in the country. It accounts for 56.4% of the total number of branches.
According to the Central Bank of Azerbaijan (CBA) during the reported period only three new branches appeared in the 10 economic regions of the country, while in seven areas this figure did not change.
In order of decreasing density of bank branches the Absheron economic region is followed by Aran - 91 (no change to the beginning of the year), Ganja-Gazakh - 69 (3), Lankaran - 38 (0), Guba-Khachmaz - 36 (0), Sheki-Zagatala - 30 (1), Mountain-Shirvan - 14 (0), Nakhchivan - 11 (0), Upper-Karabakh - 4 (0). There are no bank branches in the Kalbadzhar-Lachin economic region.
As of July 1, 2012 the total number of bank branches amounted to 672 units (+6 in H1). - 15V -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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