The credit portfolio of Khalq Bank at the end of October this year amounted to 1.011 billion manat.
As stated in the bank, the biggest percentage of the loan portfolio continues to be corporate borrowers and businesses, but the share of private clients is constantly increasing and now reaches 12 % of the total portfolio.
An indicator of the success of the Bank is also dynamic growth and other financial results. The Bank's assets at the end of October amounted to 1.3 billion manat and the size of the deposit portfolio stood at 875.0 million manat , of which 736.0 million were deposits from the public.
At the balance sheet date, the Bank's capital exceeded 218.0 million and the registered capital is more than 183.0 million manat. Profit for the year is 11.1 million manat. The main financial indicators of Khalq Bank ranked first among private banks. -15D -
Economics
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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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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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