In 2016, Yapi Kredi Bank in comparison with 2015 reduced its assets by 7.23% or 34 million 557 thousand manat to 443 million 90 thousand manat.
During the reporting period the bank's liabilities decreased by 17 million 525 thousand manat, or 4.27%, to 392 million 165 thousand manat.
The bank has 70 million 710 thousand manat of deposits.
The bank's capital during this period decreased by 17 million 33 thousand manat or 25% to 50 million 924 thousand manat.
Yapi Kredi Bank completed 2016 with a loss of 10 million 327 thousand manat.
The bank's authorized capital is 46 million 810 thousand manat. 71D
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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