Assets of the Baku branch of Bank Melli Iran fell in 2012 by 3.2% to 71.41 million manat. The volume of issued and corporations loans fell by 4.6% to $ 8.29 mln.
The total liabilities of the bank decreased from 51.84 million to 48.54 million manat. Deposit portfolio decreased by 27.3% to 2.02 million manat.
Balance capital grew by 4.6% to over 22.86 million manat, and the total capital - 0.9% to 22.09 million manat. Paid authorized capital remained at 22.41 million manat.
Bank's earnings were equal to 2.28 million manat, decreased in comparison with 2011 by 23%, while expenses increased by 17.4% to 2.67 million manat. At the end of the four quarters of last year, the bank received a loss of 386 thousand manats. - 15B -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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