Assets of Ata Bank Decreased by 19.8%
Assets of Ata Bank in the third quarter of 2016 compared to the beginning of the year decreased by 19.8% (118 million 820.074 thousand manat) and made up 479 million 448 thousand manat.
The bank's liabilities for the period decreased by 140,312,598 manat (25.8%), amounting to 402 million 938 thousand manat.
The bank's liabilities include deposits of 252 million 30 thousand manat. Demand deposits of individuals are 16 million 166 thousand, and those of legal entities are 41 million 946 thousand manat.
Term deposits of individuals amount to 192 million 397 thousand, and those of legal entities are 1 million 520 thousand manat.
The debt of Ata Bank to the Central Bank is 10 million manat.
The bank's capital for the reporting period rose to 76 million 510 thousand manat (growth - 39% - 21 million 493 thousand manat).
In the third quarter, the bank showed a profit of 15 million 61 thousand manat. ----71D
Economics
-
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.
-
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.
-
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.
-
"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.
Leave a review