Total assets of non-bank credit organizations (NBCO) increased in January -September 2013 by 88.1 million or 21.9 % reaching 489.59 million manat. The growth of this index for the 12 months amounted to 111.45 million or 29.5%. The share of organizations financed by international humanitarian organizations was 83.3 % of the total value or 407.68 million manat.
According to the Central Bank, the authorized capital of the 146 non-bank credit institutions operating by October 1 reached 72.31 million manat, increasing during the first nine months of 2013 by 18.3 % and in the last year - by 22.4 %.
The number of branches ob NBCO operating in the country has increased at 16 to 140 this year. Compared with the end of 2012 the number of organizations funded by international humanitarian organizations has increased by 6, reaching 34. They accounted for 91.4 percent of existing branches. -15D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review