JSC Bank BTB has published the annual financial and administrative report (https://goo.gl/9sAiou) for 2015, according to which Nigar Mehdiyeva’s bank suffered a loss of 1 million 635 thousand manats.
At the beginning of the year, the bank’s total capital (50.5 million manat) corresponded to the minimum requirement of the Central Bank. Over the past year the bank's assets grew by 48.6% and exceeded 210 million manats.
During 2015 the credit portfolio of JSC Bank BTB grew by only 2.3 million manats, reaching 102.6 million manats. At the same time the bank’s deposits increased by 42.2% and made up 96.6 million mantas b y the beginning of 2016.
In 2014, the bank's net profit amounted to 1.8 million manats.
JSC Bank BTB has been operating since 2010 and has three shareholders, who are natural persons. -----08D
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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