At the end of 2015 Uni Bank suffered losses amounting to 22.3 million AZN. At the same time the operating profit for the year reached 85.5 million AZN.
According to the report (https://goo.gl/707pum), losses occurred as a result of provisions totaling 113.1 million AZN for possible losses on loans. As of January 1 of this year the volume of loans issued to customers was 654.7 million AZN. The volume of loans of Uni Bank decreased 20.5 million AZN in 2015. The volume of deposits for 2015 grew by 10.7% and reached 526 million AZN.
Recall that on the results of 2014 JSC Uni Bank had profits in the amount of 48.5 million AZN and paid tax on profit in the amount of 9.5 million AZN.
JSC Uni Bank was created in 2002 by the merger of Promtekhbank and M Bank. The Chairman of the Supervisory Board Eldar Garibov owns 56.9% of the shares, EBRD owns 12.1%, and the German Investment Corporation (DEG) owns 6. 68%. The bank has two subsidiaries (Uni Capital and Uni Leasing). ----08D
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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