PASHA Bank Lending Expanded by almost 22 %
Assets of PASHA Bank made ??626.396 million manat by September 1. The volume of loans increased 60.6 million or 21.6 %, reaching to 341.49 million manat.
Deposit portfolio amounted to 280.08 million manat. Of these, 121.82 million manat fell to urgent client investments.
The total capital increased 55.37 million or 31.1% reaching 233.45 million manat, and paid charter capital - 71 million or 45.2 % amounting to 228 million manat.
Revenues and expenses of the bank equaled 44.14 million, respectively, and 38.69 million manat. Net profit amounted to 5.45 million manat. - 15B -
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review