BAKU/21.01.14/TURAN : Assets of AGBank increased in 2013 by 34.9 %, reaching 467.41 million manat. Volume issued to individuals and legal entities grew by 41.1 % and amounted to 352.7 million manat.
The total liabilities of the bank increased from 299.53 million to 415.81 million manat. Deposit portfolio increased by 24 % to $ 272.97 million manats , including term client investments increased by 22.7 % to 191.49 million manat.
Equity capital increased by 10% amounting to 51.6 million manat, and the total capital - by 17.6 % to 50.07 million manat. Paid charter capital remained unchanged amounting to 25 million manats .
The bank's earnings equaled 59.35 million manat and expenditures - 53.03 million manat , an increase compared with 2012 , respectively 24.5% and 25.3 %. Net profit after tax decreased by 17.5% to 2.5 million manat. - 15B -
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review