The assets of Amrah Bank in the third quarter of 2016 compared to the same period last year increased by 33% (65 million 183.203 thousand manat), amounting to 262 million 149.632 thousand manat.
During the reporting period the bank's liabilities increased 38.5% or 57 million 142.772 thousand manat to 205,526,993 manat.
The capital of Amrah Bank for the period increased to 56 million 622.638 thousand manat (growth - 16.5% or 8,040,431 manat).
In the third quarter loss of the bank amounted to 3,868,930 manat. ----71D
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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