Total assets of non-bank credit organizations (NBCO) by April 1 in Azerbaijan exceeded 551.16 million (+1.7% YTD).
According to the AR Central Bank quarterly, the total registered capital of these structures is 84.44 million ( 2 %) in the presence of 203 branches in the country ( 4.6 %).
Credit unions have assets of 55.1 million manat with a total registered capital of 22.25 million (3.3 %). Assets of credit institutions financed by international humanitarian agencies constitute 464.12 million manat and their total share capital is 43.48 million (2.2 %).
NBCO other assets in the first quarter amounted to 31.94 million manat, with the total share capital - 18.71 million manat with 12 branches.
According to the Central Bank of Azerbaijan, up to April 1, 2014 throughout the country, 154 NBCOs operated. Among them, there are 113 credit unions and 40 credit organizations financed by international humanitarian agencies plus the non-bank credit organization Agrarkredit. - 17D-
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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