The revenues of Bank Standard in the first three quarters of this year amounted to 59.97 million manat. Of these, 16% were non-interest income, which in turn decreased compared to the same period last year by 13.2%. The share of non-interest income in total income for the year decreased by 6.6 percentage points, and as compared with January-September 2010 - by 10.4 percentage points. With the end of the third quarter of 2011 the bank hides data about its costs and the level of its total capital.
The assets increased in January-September 2012, up 11.3% to 767.16 million manat. The lending to individuals and businesses increased to 493.27 million manat.
The deposit portfolio amounted to 502.83 million manat. Of these, 399.01 million manat fell to urgent client investments.
The balance capital decreased 7.6 million or 10.9 percent to 62.33 million manat. The paid authorized capital remained at the level of AZN 75 million. - 15B -
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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