The Central Bank of Azerbaijan has published a report for the 3rd quarter of the banking system.
According to the site, the total assets of local banks by October 1 were 23 505 800 000 manat (+ 3.12 billion or 15.3% against the beginning of the year).
Credit investments of banks in January-September were at a level of 17 129 500 000 manat (+ 14.3%), and equity - 3 898 800 000 manat (+ 13.8%).
Deposits in the banking system by October 1, were 7 351 900 000 manat (+ 14.9%). Most of the increase (5.1%) occurred in September. --17D-
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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