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) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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Данная инициатива направлена на цифровизацию процессов управления в сфере безопасности пищевых продуктов в Азербайджане, создание более эффективной и прозрачной системы за счет применения современных технологий.
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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