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
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review