BAKU/09.12.13/TURAN : Total assets of Azerbaijani banks widened in October this year to 203.6 million or 1% to 19,604.1 million manat. From the beginning, the bank's assets grew by 18.6 %, and for the year to 4,125.9 million or 26.7%.
According to the Azerbaijani Central Bank, credit investments as of November 1 totaled 14,558.3 ??million manat, increasing the reporting month by 1.1%. Over the past year lending to the economy grew by 28.6%.
Deposits in banks in October increased 66 million or 1.1 %, to 6,303.4 million manat. This figure from the beginning of the year grew by 23.3 %, and for 12 months - 34.4%.
The total capital of the banking sector increased in the reporting month by 72.9 million or 2.3%, amounting to 3233.1 million manat. During the year the figure rose to 872.8 million or 37%. - 15B -
Economics
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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