Assets of the private bank "BankSilkWay" for July 1 total up to 216 million 565 thousand manats (6.6% a year earlier).
According to the financial structure, its loan portfolio is 162.65 million (+9.9%) with obligations 108.69 million manats. Deposits at the bank amounted to 47.34 million manat, among which there are the deposits of the population - 36 million 315 thousand manats (+ 9.7%.)
The authorized capital stock is unchanged and totals 97 million 129.89 thousand manats, total capital - 107 AZN 870.99 million (+ 3.4%). Bank worked in the first half with a net profit - 853.88 5 million manats.
The JSC BankSilkWay is effective since January 25, 2008. Shareholders of the bank are the two individuals and one entity. - 17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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