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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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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