The mortgage portfolio of Bank Standard after the cancellation of its license has been transferred to JSC Mugan Bank.
Thus Mugan Bank will serve 2,000 people who have taken a mortgage, and among the authorized credit organizations the bank has come to the first place in terms of the mortgage portfolio.
Bank Standard Mortgage Portfolio Partly Transferred to OJSC NBC Bank
Turan reports JSC NBC Bank has been transferred 311 customers on mortgage loans. Transferred to NBC Bank was a part of the mortgage portfolio of Bank Standard, which amounted to 10,623,158 AZN.
Transfer of a part of the mortgage portfolio was held by agreement between the Azerbaijan Mortgage Fund and NBC Bank signed on 3 October. -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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