JSC Accessbank for the first half of 2013 had a net profit after tax of 16.09 million manat, which is 2.2 times more than the same period in 2012. The bank's earnings were equal to 63.33 million manat, expenses - 46.19 million manat, increasing by 33% and 17%.
Assets increased in January-June, up 24.4% to 654.27 million manat. The volume of issued and corporations loans increased by 25.3% and amounted to 513.3 million manat.
The total liabilities of the bank increased from 416.73 million to 533.37 million manat. The deposit portfolio increased by 25.4% to 168.94 million manat, including term client investments increased by 26.3% to 116.13 million manat.
The balance capital grew by 10.7% to 120.9 million manat, and the total capital - at 8% above the 110.27 million manat. The paid charter capital remained unchanged totaled 85 million manat. - 15B -
Economics
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But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
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Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
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A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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