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
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Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
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The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
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In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
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In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
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