Assets of JSC Azerbaycan Senaye Banki (ASB) during the first quarter increased by 13.1 %, amounting to 1 April 383 534 430 manat.
As stated in the financial structure of the bank's loan portfolio is 44 840 126 manat ( 3.7 %). Deposit portfolio is 280 708 420 manats ( 18.3 %).
The bank's equity by the end of the first quarter amounted to AZN 63,159,120 ( 2.9 %) , which more than meets the requirements of the Central Bank. Net income for the three months ASB 2014 is 402,550 manat.
JSC Azerbaycan Senaye Banki founded as a joint venture investment bank CIBank with Turkish capital in 1996.
Controlling stake is at LLC Anadolu Investment Company – 94.2517%. Other shareholders: JSC Azerbaycan Senaye Sigorta with 5.1735 % and LLC Azerbaycan Senaye Leasing - 0,5748%.
Chairman of the Supervisory Board is Zeinab Konyar. Chairman of the Board is Huseyin Ozmen. - 17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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