Total assets of Azerbaijani banks increased in July this year to 507.2 million or 2.8% to 18,693.5 million manat. From the beginning, bank assets grew by 13.1 % and for the year to 3,875.3 million or 26%.
According to the Central Bank of Azerbaijan, credit investments made ??on August 1 13807 bn , an increase in the reporting month by 2.9 %. Over the past year, lending to the economy has grown by 33%.
Deposits in banks in July increased 97.1 million or 1.6 % to 6,019.3 million manat. This figure since the beginning of the year grew by 17.7 %, and for 12 months - 36.3%.
The total capital of the banking sector has increased in the reporting month by 125.9 million or 4.4% amounting to 3009.4 million manat. During the year the figure rose to 878.8 million or 41.2%. - 15B -
Economics
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Azerbaijan and Iran are actively discussing the construction of a strategic railway line that will connect the East Zangezur Economic Region with the Nakhchivan Autonomous Republic, according to Rovshan Rustamov, Chairman of Azerbaijan Railways CJSC. Rustamov disclosed the details of these talks during his recent visit to Iran, where he met with Jabbar Ali Zakeri Sardrodi, head of the Iranian Railway Administration.
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Agricultural land in Azerbaijan's liberated territories may be leased to business entities through investment tenders. This is reflected in the draft law on proposed amendments and additions to the "Law on Land Lease." The document was discussed at the meeting of the Agrarian Policy Committee of the Milli Majlis (Parliament) on October 14.
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According to preliminary data released by the State Statistics Committee, as of October 1 of the current year, Azerbaijan's economically active population stood at 5.304 million people, of which 5.021 million were employed. These figures highlight the relatively stable labor market in Azerbaijan, as the same number appears in the data for the last three years.
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Azerbaijan witnessed a modest yet steady increase in nominal incomes in the first nine months of 2024, as incomes grew by 6.1% compared to the same period in 2023. This rise brings the total nominal income of the population to 61.587 billion manats, averaging 6039.2 manats per person. This is reported by the State Statistics Committee.
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