The assets of JSC Azerbaycan Senaye Banki in the first half of the year amounted to 404,280,190 manat (19.2% YTD), it is said in its report. The bank's loan portfolio as of 1 July was equal to 143,075,190 manat (17.8%).
The bank's obligations are 334,170,000 manat (22.6%). The deposit portfolio is equal to 219,873,510 manat (minus 7.3%).
The net capital is 64,990,720 manat (5.9%) and the authorized capital is 60 million manat.
This financial structure of the income - net profit in January-June was equal to 2,036,300 manat. Recall that in Azerbaijan there are 43 commercial banks, of which 8 to July 1 were unprofitable.
JSC Azerbaycan Senaye Banki has operated since 1996, with the participation of the Turkish capital. --17D-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review