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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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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