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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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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