Results of financial-economic activity of JSC AtaBank and at the end of March 2013 were successful.
As reported in the bank, compared to March 2012 the net assets of the bank grew by 31.1%, or 70.6 million manat, 297.8 million manat.
Also, there is a significant dynamics in the growth of the loan portfolio, which is the foundation of assets. The total loan portfolio increased by 28.9%, or 44.7 million manat, 199.2 million manat.
At the reporting date, there was a significant increase in term deposit portfolio. This figure rose to 62.4 million manat, reaching 252.3 million manat. At the end of March 2012 this figure amounted to 190.5 million manat.
Compared with March 2012, the authorized capital of the bank increased by 11.9%, or 2.9 million manats, to 27.9 million manat.
According to the results for the first quarter of this year, the bank earned a net profit of 1.03 million manat.
AtaBank has been operating since 1993, and currently in various regions of the country there are 24 subsidiaries and branch offices of the bank. Of these, 12 are located in the capital, the remaining 12 in the cities of Ganja, Sumgait, Khachmaz, Yevlakh, Mingechevir, Shamkir, Goychay, Shirvan, Lankaran and Naphthalan. -15D -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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