The assets of the local Rabitabank for the year rose to 305 million 54 thousand manat (+ 20.8% from 1 January 2013).
The bank's loan portfolio at the beginning of this year amounted to 219 million 781 thousand manat (+ 36.5%), with deposits on the level of 152 million 295 thousand manat (+ 37.98%).
Liabilities of the bank are equal to 241 million 575 thousand manat (+ 20.9%). The shareholders' equity as of 1 January was 58 million 479 thousand manat with charter capital of 48.5 million manat (+ 6.6%).
Net profit of Rabitabank at the end of last year amounted to 3 million 139 thousand manat.
JSC Rabitabank established in 1993. The shareholders are 20 legal entities and individuals. --17D-
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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