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
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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