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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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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