JSC AtaBank YTD has expanded its lending portfolio for entrepreneurs with a legal status to 199.1 million manat (+ 29%).
According to the report of this structure, by October 1, the share of loans to legal entities was 59.2% of the bank’s loan portfolio. "The total loan portfolio of the bank amounted to 336.1 million manat (+ 39.1% in January).
Assets of AtaBank at the beginning of October amounted to 458.7 million manat (+ 22.3%). The term deposits are 321.1 million manat (+ 31.6%).
JSC AtaBank with registered capital of 44.5 million manat was established in 1994 and is part of AtaHolding. --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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