In the past year, the share of e-commerce in the IBA network service amounted to 51.87 million AZN by 2,231,816 operations.
According to the report on the IBA website, leaders in this segment are operations through ATMs of the bank (1,609,684) and mobile banking services (596,625). Much less (24,075) are operations in Internet Banking, and around 757 - in the so-called banking kiosks.
On 28 April the number of active plastic cards of IBA was 1,248,745, serviced by 737 cash machines across the country. In addition, the bank hosts more than 11,000 POS terminals in the retail trade network.
JSC IBA with a capital of 1 billion 141.3 million AZN has operated under the license of the Central Bank of Azerbaijan since 1992. Its main shareholder (51.07%) is the Government of Azerbaijan in the Finance Ministry's face, and the remaining 48.93% is held by minority shareholders. --17D-
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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