In January-October, the total assets of local banks increased by 17.4% or 3 551.1 million manat. According to the Central Bank of Azerbaijan, as of November 1, this figure rose to 23 936.2 million manat.
According to the same information at the website of CBA, credit investments of the banking system for 10 months were at 17 316 900 000 manat (+ 15.5%), and shareholders' equity was 3 997 700 000 manat (+ 16.7%).
The share of deposits in banks finance was 7 005 400 000 manat or 29.27% of total assets (+ 9.5%). There was passivity of private investors in October - only increase in the amount of 0.65%. --17D-
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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