The assets of the Baku branch of Melli Iran Bank fell in January- September 2013 by 0.5 % to 69.74 million manat. The volume of loans issued to individuals and legal entities decreased by 6.3% and amounted to 24.07 million manat.
The total liabilities of the bank decreased from 48.53 million to 48.24 million manat. Deposit portfolio has expanded twice reaching 4.03 million manat .
Equity capital reached AZN 21.5 million and total capital decreased to 21.53 million manat. Paid charter capital remained at 22.41 million manat.
Net profit after tax amounted to 49,000 AZN. - 15B -
Economics
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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