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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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