Assets of "AFBBank" increased in January-November last year by 68.53 million or 46.8% to 158,842 million manat. Lending to individuals and businesses increased 40.26 million or 43% amounting to 133.91 million manat.
Total liabilities increased from 103.89 million to 166.59 million manat. Deposit portfolio for the period rose by 13.3 million or 25% to 67.57 mln, of which 8.1 million manat fell to urgent client investments.
Balance capital grew by 13.6% to 48.51 million manat, and paid charter capital - by 3.3% to 41.01 million manat.
Income and expenses of the bank for the eleven months of 2012 were respectively 13.39 million and 10.31 million manat. Net profit before tax amounted to 3.1 million manat.
The bank has operated from 2008. Majority shareholder (99.20% equity) is LLC Gilan. The remaining shares are equally divided between two individuals. - 15B -
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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