The Iranian bank in Baku made a profit of about 3 million manats in the quarter
The Baku branch of the National Bank of Iran has released financial indicators for the first quarter of 2024. In January-March, the credit institution made a profit of 2.5 million manats, by 4 times more than in the same period last year.
The assets of the Bank of Iran at the beginning of April this year amounted by 12.2% more than at the beginning of April last year - 114.8 million manats, including a net loan portfolio 62.1% less – 3.2 million manats. The liabilities of the Baku branch amounted to 71.2 million manats (10.4% more), the deposit portfolio - 35.6 million manats (2.85 times more), the balance sheet capital -43.6 million manats (15.1% more), the authorized capital -73.6 million manats (unchanged).
Finance
-
Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
-
The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
-
The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
-
According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
Leave a review