Assets of Azerbaycan Kredit Banki declined during the first half of this year by 2.8% to 21.26 million manat. Loan portfolio as of July 1, amounted to 26.57 million manat, of which 17.31 million or 65.14% accounted for overdue loans.
The total liabilities of the bank for the period decreased from 17.7 million to 16.75 million manat manat. Deposit portfolio increased by 3.9% to 9.43 million manat. Of these, 7.91 million manat was term deposits
The balance capital increased to the level of 4.51 million manat, and paid charter capital remained unchanged at 11.43 million manat.
Revenues and expenses of the bank equaled respectively 656,000 and AZN 2.95 bn. According to the results of operations for January-June, the bank posted a loss of 2.29 million manat. -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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