Assets of Ata Bank decreased by 125 million 727 thousand manat or 21% in 2016 compared to 2015, to 472 million 541 thousand manat.
According to Turan, for the specified time the bank liabilities decreased by 130 million 520 thousand manat, or 24%, to 412 million 730 thousand manat.
The volume of bank deposits is 269 million 591 thousand manats, including call deposits of individuals that make up 24 million 662 thousand manat and those of legal entities - 40 million 536 thousand manat.
Timed deposits of individuals are 203 million 142 thousand manat, and those of legal entities are 1 million 250 thousand manat.
Ata Bank’s debt to the Central Bank of Azerbaijan is 10 million manat.
The bank's capital for the reporting period increased by 4 million 794 thousand manat, or 8.71%, to 59 million 811 thousand manat.
In 2016, the bank had a profit of 340 thousand manat. --71D
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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