The loan portfolio of JSC Yapi Kredi Bank Azerbaijan at the beginning of the second quarter amounted to 223.394 million manat (+ 2.3% as of 1 April last year). Total assets increased by 5.4% - up to 330.845 million manat. Liabilities of the bank were 263 377 000 manat (6.3%).
Deposit accounts with the bank "stored" 104,822,000 manats, of which the share of the population accounts for 43.5 million manat.
The bank's equity is 67,468,680 manats (2.2%) and the share capital is 46,810,700 manats. Net income amounted to 3,282,500 manats by April 1.
Closed Joint Stock Company Yapi Kredi Bank Azerbaijan was established in 1998 and in 2007 received the status of JSC.
Chairman of the Supervisory Board is Faik Achykalyn Hussein. Chairman of the Board is Altan Senturk.
Shareholders are three Turkish companies. - 17D-
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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