Assets of Credo Bank increased in January- September 2013, up 28.1 %, reaching 127.84 million manat. The volume of issued and corporations loans increased by 22.7 % and amounted to 88.23 million manat.
Total liabilities of the bank increased from 63.73 million to 68.15 million manat. The deposit portfolio increased by 3 % to 16.69 million manat, including term client investments increased by 8.7 % to 13.76 million manat.
The balance sheet assets reached 55.57 million manat. The total capital increased by 80.2 % higher than 53.73 million manat, and the paid charter capital - by 83.6 % to 50.54 million manat.
The bank's earnings were equal to 8.13 million manat, and the expenses were 7.61 million manats, an increase compared to the same period in 2012 respectively by 9.9 % and 13.2 %. The net profit after tax increased 13.3 % to 528,000 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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