According to the Central Bank of Azerbaijan, from January 1 to March 1, the total number of bank customers decreased by 235,355 people (minus 4.12%) to 5,481,030 people).
The vast majority (98.46% or 5,396,922) of customers refers to individuals, mainly the recipients of debts on consumer loans, and only 84,108 customers are legal entities.
At the same time the number of customer accounts increased from 1 March 2015 to 1 March 2016 by 10.5% - up to 15,687,705 (minus 3.34% to January 1). Most of them (12,361,678 or 78.8%) are current accounts, 2,906,969 or 18.5% - credit accounts, and 419,058 or 2.67% - deposit accounts. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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