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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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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