Assets of Muganbank reached 277,527.77 thousand manats. Compared to October of this year, this was 3.15% more. Overall capital totaled AZN 38,241.53 thsd.
As reported in the bank, deposits of the population reached AZN 80,101.57 thsd. Compared with the figure for October, the credit portfolio increased by 3.37% to 211,562.63 thousand manats.
Revenues for the relevant period after tax increased. Thus, interest income amounted to AZN 24,850.96 thsd, and non-interest income also reached AZN 11,485.23 thsd.
Liquidity ratio of Muganbank for the relevant period was 55.30%. -15D-
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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