Assets of Accessbank increased in January-September 2012 by 19.3% to 466 million manat. The volume of issued and corporation loans grew by 23.5% and amounted to 364.77 million manat.
The total liabilities of the bank increased from 299.08 million to 360.06 million manat. Deposit portfolio increased by 9.4% to 132.61 million manat, including term client investments increased by 1.6% to 88.58 million manat.
Balance capital reached 105.94 million manat. Aggregate capital increased by 11.4% over 100.57 million manat, and paid charter capital - 25.4% to 85 million manat.
The bank's earnings were equal to 73.91 million manat and expenditures - 58.55 million manat, increasing as compared to the corresponding period of 2011, respectively, 13.4% and 14.6%. Net profit after tax increased 20.5% to 13.49 million manat. - 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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