Total assets of Azerbaijani banks increased in November by 511.3 million AZN or 3.1% to 16,821.2 mln AZN. Since the beginning of the year the banking assets grew by 20.6%, and for the year - by 3.1565 billion manat or 23.1%.
According to the Central Bank of Azerbaijan, credit investments on December 1 totaled 11,721.3 mln, an increase in the reported period by 2.6%. Over the past year, lending to the economy grew by 22.1%.
Deposits in banks in November increased 73.3 million or 1.6%, to 4,763 million manat. This indicator grew by 15.6% since the beginning of 2012, and for 12 months - by 24.4%.
The aggregate capital of the banking sector increased in the reported period by 87.5 million or 3.7%, amounting to 2,447.8 million manat. During the year the figure rose by 397.4 million or 19.4%. - 15B -
Economics
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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