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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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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