The International Bank of Azerbaijan (IBA) is included, as rated by the British magazine The Banker, among the 1,000 largest and most stable banks in the world, and took the position of the 910 largest tier one capitals, the bank said. In comparison with the previous ratings that of IBA rose by 28 positions.
According to the rating of IBA magazine ranked the 768th position in terms of assets, the 734th position on the capital adequacy ratio (Soundness: capital assets ratio) and the 246th position on the return on capital (Performance: profits on capital). In terms of return on assets (Performance: return on assets) bank took the 464th position.
The Banker is a specialized monthly magazine published in London and dedicated to international finance. The publishing house is owned by The Financial Times Ltd. -15D-
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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