Total assets of Azerbaijani banks increased in October by 311 million or 2% to 16,309.9 mln. Since the beginning of the banking assets grew by 17% and for the year to 2,806.9 million or 20.8%.
According to the Central Bank of Azerbaijan, credit investments on November 1 totaled 11,422.4 mln, an increase in the reporting period by 2.4%. Over the past year, lending to the economy grew by 20%.
Deposits in banks in October increased 133.4 million or 2.9% to 4,689.7 million manat. This indicator since the early year grew by 13.8%, and for 12 months - 27.6%.
The aggregate capital of the banking sector increased in the reported period by 63 million or 2.7% amounting to 2,360.3 million manat. During the year the figure rose by 310.4 million or 15.1%. - 15B -
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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