AFB Bank's net profit for the first half of 2016 amounted to 2,604,353 AZN. In comparison with the similar period of 2015 there was growth of 2.78% (72,598 AZN).
The bank's assets for the reported period amounted to 301,620,945 AZN (compared to the same period in 2015 growth of 5% or 15,109,420 AZN).
The total liabilities of AFB Bank compared to the same period in 2015 increased by 5.8% (12,957,452 AZN), amounting to 222,589,789 manats.
The total capital of the bank for the first six months of 2016 increased compared to the same period last year by 2.7% (2,151,966 AZN) and amounted to 79,031,155 manats.
The bank's authorized capital is 70,393,455 manats. -----75D
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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