Total assets of Azerbaijani banks increased in September this year at 481.6 million or 2.5% to 19,400.5 million manat. From the beginning, bank assets grew by 17.4 % and for the year to 4,084.8 million or 26.7 %.
According to the Central Bank of Azerbaijan, credit investments as of October 1 totaled 14,401 million manat , an increase in the reporting month by 2.4 %. Over the past year, lending to the economy grew by 30.1 %.
Deposits in banks in September increased 147 million or 2.4 % to 6237.4 million manat. This figure since the beginning of the year grew by 21.9 %, and for 12 months - 37%.
The total capital of the banking sector has increased in the reporting month by 83.6 million or 2.7% amounting to 3160.2 million manat. During the year the figure rose to 862.9 million or 37.6 %. - 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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