Assets of Zaminbank increased in January-June 2013 by 5%, reaching 397.89 million manat. The volume of issued and corporations loans grew by 3.9% and amounted to 246.55 million manat.
The total liabilities of the bank increased from 333.9 million to 334.07 million manat. The deposit portfolio decreased by 13% to $ 88.36 bn, while the client-term investments increased by 5.5% to 64.98 million manat.
Balance sheet assets reached 63.83 million manat. The total capital grew by 19.2% higher than the 50.93 million manat, and paid charter capital - by 13.4% to 42.18 million manat.
Revenues and expenses of the bank equaled 9.88 million, respectively, and 5.02 million manat. Net profit after tax amounted to 4.86 million manat. - 15B -
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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