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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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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