Bank VTB Azerbaijan is developing successfully. The bank's assets by national standards up to October 1, 2013 exceeded 200 million U.S. dollars, an increase of 71 % compared with the results of the 1st quarter of 2013.
Operating profit of the Bank (before taxes) exceeded 1 million manats. The authorized capital increased by 58 % and amounted to 37 million manats.
The Bank's loan portfolio increased 74 % to 148 million manats. The volume of corporate deposits amounted to 10 million manats, and individual deposits were 6 million manats. -15D -
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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