BAKU/23.01.14/TURAN : JSC Accessbank by the results of last year had net profit after tax of 27.18 million manat, which is 72 % more than in 2012 . The bank's income equaled 138.43 million manat and the expenditures were 103.77 million manat, increasing respectively by 36% and 27.5 %.
Total assets increased by 53.2 %, amounting to 805.46 million manat. Volume of loans issued to individuals and legal entities grew by 52.8 % and amounted to 626.42 million manat.
The total liabilities of the bank increased from 416.73 million to 679.09 million manat. Deposit portfolio increased by 58.2 %, amounting to 213.05 million manat, including term client investments increased by 66.5 % to 153.04 million manat.
Equity capital increased by 15.7%, reaching 126.37 million manat, and total capital increased 18.1 % to 120.64 million manat. Paid charter capital remained at 85 million manat. -15B-
Economics
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In a strategic move to bolster mechanisms against financial crimes and terrorism financing, Azerbaijan's Deputy Prime Minister, Samir Sharifov, has been appointed as the head of the newly restructured Coordinating Council on Counter-Terrorism Financing and Other Financial Crimes.
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The Chairman of Azerbaijan Railways CJSC, Rovshan Rustamov, and the head of Iranian Railways, Jabbar Ali Zakeri Sardrudi, convened in Tehran during the Joint Azerbaijani–Iranian Intergovernmental Commission meeting to bolster cooperation on the Astara terminals, key nodes in the International North-South Transport Corridor (INSTC). The talks centered on enhancing the operational efficiency and strategic significance of these terminals to facilitate growing cargo volumes between the two nations.
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Azerbaijan is accelerating its transition to green energy through the coordinated efforts of its "Green Energy Zone" task force, which recently held its latest hybrid meeting to review progress and outline future priorities. The Ministry of Energy, reporting on Wednesday’s session, emphasized the task force's central role in implementing the 2022–2026 Socio-Economic Development Strategy, a cornerstone of Azerbaijan’s ambitions for sustainable growth.
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AzerGold, Azerbaijan’s state-owned mining company, is pursuing opportunities for strategic collaboration with Turkish firms in Africa as part of its efforts to expand its presence in the global mining sector. Recent talks between Zakir Ibrahimov, Chairman of the Board of AzerGold CJSC, and Şebnem Cenk, Head of the West and Central Africa Department at Turkey's Ministry of Foreign Affairs, highlighted the potential for a mutually beneficial partnership.
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