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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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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