The assets of Yapi Kredi Banki fell in January-June of this year by 12.1% to 210.06 million manat. The lending to individuals and businesses increased 0.8% to 125.57 million manat.
The deposit portfolio as of July 1 of this year amounted to 89.09 million manat. Of this, 26.71 million manat accounted for urgent client investments.
The balance capital grew by 7.4% to 63.73 million manat, and the total capital grew by 5.8% to 60.54 million manat. The paid charter capital for the period increased 23% to 46.81 million manat.
The income and expenses of the bank were respectively 14.59 million and 11.03 million manat. The net profit after tax amounted to 3.03 million manat. - 15B -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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