The credit portfolio of JSC Uni Bank by 1 January amounted to 782 million 444 thousand manats (+ 10% per year).
Most of the loans (60%) are for private users of consumer loans - 469 million 615.9 thousand manats (minus 10.2% for the year). Trade and services were allocated 147 million 246 thousand manats, agriculture - 30 million 445 thousand manats, other segments of industry - 21 million 34 thousand AZN, oil industry - 17 million 902 thousand AZN, etc.
JSC Uni Bank is valid from 6 December 2002. The main shareholder is Eldar Garibov (54.78%), while among other owners there are EBRD (12.1454%), German DEG (6,68%), and Zemfira Jafarova (4.41%). Minority shareholders own 2.68% of the shares. --17D-
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Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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