JSC Turanbank increased in the first half of this year, assets by 11% to 245.71. The credit portfolio during the reporting period increased by 9.4%, amounting to 175.89 million manat.
Total liabilities increased from 184.27 million to 198.83 million manat. The deposit portfolio increased by 8.9% to 98.53 million manat, including term client investments increased by 4.2% to 51.82 million manat.
Balance sheet assets reached 47.17 million manat. The total capital increased by 30% to 43.83 million manat, and paid charter capital - by 33.3% amounting to 40 million manat. - 15B -
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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