JSC Azer-Turk Banki for the first half 2013 had a net profit of 646,000 manat, which is 10.8% less than the same period in 2012. Revenues and expenses of the bank equaled 5.6 million, respectively, and 4.95 million manat.
Assets increased in January-June, up 4.8% to 89.44 million manat. The volume of issued and corporations loans increased by 12.6% to 61.66 million manat, while the volume of non-performing loans increased by 45.2% and their share in the total loan portfolio increased by 1.77 percentage points, reaching 7.86%.
The total liabilities of the bank increased from 70.65 million to 74.13 million manat. The deposit portfolio increased by 74.3% to 44.79 million manat. Of these, 24.69 million manat fell on the share of time deposits.
The balance capital increased to 15.31 million manat, and the total capital - to 14.45 million manat. Paid charter capital remained unchanged totaled 12.24 million manat. - 15B -
Economics
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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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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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