JSC "Amrahbank" on the basis of 2012 had a net profit after tax of 2.07 million manat, which is 5.8 times more than the figure recorded a year earlier. Bank's earnings were equal to 17.23 million manat and expenditures - 15.16 million manat, increasing by 13.2% and 0.8%.
Assets increased during the year by 32.8% to 113.04 million manat. The volume of issued and corporations loans grew by 51.9% and amounted to 76.62 million manat.
The total liabilities of the bank increased from 63.73 million to 86.64 million manat. Deposit portfolio increased by 28% to 72.22 million manat, including term client investments increased by 25.4% to 43.52 million manat.
Balance capital reached 26.39 million manat. Aggregate capital increased by 22.7% to over 25.94 million manat, and paid charter capital - by 17.6% to 17.26 million manat. - 15B -
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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