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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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