JSC Accessbank in the first three quarters of 2013 received net profit after tax of 25.85 million manat, which is 92 % more than in the same period in 2012. The bank's earnings were equal to 99.73 million manat and its expenses were 71.72 million manat, increasing respectively by 35 % and 22.3 %.
The assets increased in January -September, up 34.5 % to 707.28 million manat. The volume of loans increased by 37.2 % and amounted to 562.07 million manat.
The total liabilities of the bank increased from 416.73 million to 575.7 million manat. The deposit portfolio increased by 37 %, amounting to 184.47 million manat, including term client investments increased by 39.4 % to 128.1 million manat.
The balance capital grew by 20.5 %, reaching 131.58 million manat, and the total capital grew by 15.8% higher than 118.16 million manat. The paid charter capital remained unchanged at 85 million manat. - 15B -
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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