The net loss of Bank Avrasiya based on performance in January-September this year amounted to 591,800 manat.
According to this bank small by local standards, its total assets increased by only 1.4% - up to 82,685,500 manat, while the loan portfolio is at AZN 58,431,100 (+ 8.3%).
The bank's liabilities amount to 52.434 million manat (minus 10.3%). The deposits also decreased - by 14.8%, amounting to 17,060,000 manat by October 1.
This bank is one of the contenders for the "elimination" from the list - its net worth is at the level of 30.2514 million manat (+ 31.1%) and the authorized capital is 30 million AZN.
Bank Avrasiya got its banking license on November 28, 2007. --17D-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review