The assets of Pasha Bank in the third quarter of 2016 to the beginning of the year increased by 30.2% (64 million 638.919 thousand manat), amounting to 2 billion 782 million 552.880 thousand manat.
According to Turan, during the reporting period, the bank's liabilities amounted to 2 billion 413 million 947.21 thousand manat (an increase of 35.9% - 637 million 821.67 thousand manat).
The growth of the bank's capital amounted to 2.37% for the period (856.751 thousand manat), reaching 368 million 605.66 thousand manat.
In the third quarter Pasha Bank’s profit was 12 million 654 thousand manat.
The volume of overdue loans is equal to 89 million 992 thousand manat. Overdue loans accounted for 11.12% of the total loan portfolio. In the second quarter of 2016, overdue loans amounted to 97 million 350 thousand manat.
The debt of Pasha Bank to the Central Bank is 23 million manat. -----71D
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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