Assets of Khalg Bank in 2016 compared to 2015 increased by 5.58% or 88 million 260 thousand manats, reaching 1 billion 668 million 620 thousand manats.
During the reporting period, the bank's liabilities increased by 4.36% or 59 million 862 thousand manats and amount to 1 billion 430 million 982 thousand manats.
The bank deposits are kept in the amount of 1 billion 98 million 899 thousand manats, of which 771 million mantas are in foreign currency.
Call deposits of legal entities amount to 122 million 279 thousand manats and AZN 78 million 911 thousand are for individuals.
Term deposits of legal entities are AZN 200 million 302 thousand and for individuals the index is 697 million 405 thousand.
The bank's capital for the specified time has grown to AZN 237 million 638 thousand manat (an increase of 28 million 399 thousand manats or 13.57%).
The debt of Khalg Bank to the Central Bank of Azerbaijan totaled AZN 31 million 500 thousand in 2016.
In 2016, the bank showed a profit of 10 million 369 thousand manats. ----71D
Economics
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The Supreme Eurasian Economic Council of the Eurasian Economic Union (EAEU) convened today, December 26, 2024, at a summit highlighting the evolving dynamics of regional cooperation and the complex interplay of geopolitical interests among EAEU member states. The meeting, held in Saint Petersburg, brought together the leaders of the EAEU countries to discuss a robust agenda that could shape the bloc's trajectory in 2025 and beyond.
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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