Assets of Xalq Bank increased in January -June of 2013 by 49.4 % and reached 1276.92 million manat. The volume of issued and corporations loans increased by 46.9 % and amounted to 964.58 million manat.
The total liabilities of the bank increased from 652.84 million to 1,066.41 million manat. The deposit portfolio increased by 65.9 % to 867.87 million manat, including term client investments increased by 42.1 % to 518.06 million manat.
The balance capital grew by 4.3 % reaching 210.51 million manat, and the total capital - by 3 % above the 197.1 million manat. The paid charter capital remained unchanged totaled 169.09 million manat.
The bank's earnings were equal to 34.1 million manat and expenditures - AZN 30.85 million, an increase compared to the same period in 2012 respectively by 15.2 % and 17 %. The net profit after tax decreased 0.1 % to 3.33 million manat. - 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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