Total assets of banks in Azerbaijan rose in May of this year by 212.24 million or 1.1% to 19,192 million manat. From the beginning, the bank assets increased 8.8% and for the year - by 29.5%.
According to the Central Bank of Azerbaijan, on June 1, 2013 the amount of cash in banks amounted to 720.6 million manat, funds in correspondent accounts amounted to 1,243.8 million manat, lending financial sector - 675.7 million manat, customer lending - 12,165.5 mln AZN, investment - 1,607.3 million manats, other assets - up to 2,779.1 million manat.
Liabilities of banks increased in the reporting month by 153.98 million or 0.9% to 16,419.10 million manat. Of these, 8,487.1 million manat was deposits, 5,542.6 million manat - funds with the financial sector and 2,389.4 million manat - other liabilities.
The total capital of banks increased over the year by 585.7 million or 26.7%, and in May - by 58.3 million manat, or 2.1 percent to 2,772.9 million manat. - 15B -
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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