Azerbaijan's insurance market growth fell below 12%
Finance
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The Central Bank of Azerbaijan (CBA) took 47 control measures and 18 inspections in the financial sector in the first half of 2024, imposed fines and financial sanctions worth AZN 135,600. This is stated in the CBA's statement.
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The Mortgage and Credit Guarantee Fund holds an open tender for insurance of an administrative building and equipment.This is reported on the unified Internet portal of public procurement.
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As of the end of June 2024, the loan portfolio of the state-owned "Azer-Türk Bank" for relevant persons amounted to AZN 1.95 million. This is reported in the semi-annual management report of the bank.
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As of the end of July 2024, the Azerbaijani banks had assets in the amount of 49 089.3 million manats.This is stated in the banking review published by the Central Bank of Azerbaijan.
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