Assets of Ata Bank during the year increased to 580 million 316 thousand manat (+ 54.8%).
According to the report of the financial structure, above all expanded its loan portfolio (+ 94%), amounting to 444 million 964 thousand manat by January 1, while the deposits were 446 million 964 thousand manat, including deposits of population at 189 million 262 thousand manat.
The aggregate liabilities, including short-term ones, comprise 517,620,000 manat (+ 58.4%).
The equity capital as of 1 January was 62 million 696.2 thousand manat (+ 30.3%) and the share capital was 50 million manat (+ 33.3%).
The net profit for the year was 7 million 647 thousand manat.
Ata Bank OJSC was founded in 1994 and is part of the investment Ata Holding. --17D-
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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