JSC Expressbank for the first half 2013 net profit after tax of 5.16 million manat, which is 23.5% less than the same period in 2012. The bank's earnings were equal to 15.64 million manat, and expenses - 9.78 million manat, increasing by 1% and 14%.
Assets decreased in January-June, up 8.5% to 229.65 million manat. The volume of issued and corporations loans increased by 42.2% and amounted to 148.04 million manat.
The total liabilities of the bank decreased from 148.89 million to 108.13 million manat. Deposit portfolio decreased by 36% to $ 87.22 mln, while the client-term investments increased by 20.4% to 34.24 million manat.
Balance sheet assets reached 121.51 million manat. The total capital increased by 19.6% higher than the 119.15 million manat, and paid charter capital - by 16.3% to 101.71 million manat. - 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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