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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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.
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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.
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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.
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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.
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