Total assets of banks in Azerbaijan rose in June to 191.58 million or 1.1% to 18,186.26 million manat. Since the beginning of the banking assets increased by 10% and for the year - by 23.6%.
According to the Central Bank of Azerbaijan, on July 1, 2013 the amount of cash in banks amounted to 774 million manat, funds in correspondent accounts amounted to 998.3 million manat, lending financial sector - 720.2 million manat, customer lending - 12,551.7 mln AZN, investments - 1,573.8 million manats, other assets - up to 1,568.2 million manat.
Liabilities of banks increased in the reporting month by 107.51 million or 0.7% to 15,329.35 million manats. Of these, 8,436.2 million manat were secured deposits, 5,876.3 million manat - with financial sector and 1,016.9 million manat - other liabilities.
The total capital of banks increased over the year by 633.7 million or 28.5% and in June - by 84.1 million manat, or 3 per cent to 2,856.9 million manat. - 15B -
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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