Assets of the International Bank of Azerbaijan fell in January this year at 77.74 million or 1.3%, to 5813.622 million. The volume of issued and corporations loans increased by 68.76 million or 1.8% reaching 3925 million manat.
The total liabilities of the bank declined to 5345.44 million and 5262.17 million manat. The deposit portfolio increased slightly to 2406.461 million manat, while the term client investment decreased by 0.5% to 1501.69 million manat.
Balance capital reached 551.46 million manat, and paid charter capital increased to 330.842 million manat.
Income and expenses of the bank were respectively 38.86 million manat and 33.25 million manat. Net income amounted to 8.5 million manat. - 15B -
Economics
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The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
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Climate change poses a serious risk to global economic and financial stability, said Bo Li, Deputy Managing Director of the International Monetary Fund (IMF), at the event titled "Global Financial System: Scaling Up Climate Action Financing" held as part of COP29.
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Azerbaijan's banking sector has unveiled a comprehensive set of initiatives aimed at bolstering sustainable development, according to Zakir Nuriyev, President of the Azerbaijan Banks Association (ABA). Nuriyev outlined the plans during the second panel of the "Global Financial System: Expanding Climate Finance" event.
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Azerbaijan remains steadfast in its commitment to developing a sustainable green economy, according to Taleh Kazimov, Chairman of the Central Bank of Azerbaijan (CBA). Speaking at the COP29 event on Thursday titled “Global Financial System: Scaling Up Finance for Climate Action,” Kazimov emphasized the country's strategic focus on green development as part of its broader socio-economic agenda for 2030.
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