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
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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