Assets of AtaHolding have reached 436 million 472.83 thousand manat (+ 38.35% per year).
As noted in the consolidated financial statements of the holding company for the past year, the volume of loans to customers by January 1 of this year was 233 million 892.66 thousand manat (+ 52.47%), investments that can be sold - 32 million 37 thousand manat (minus 89%), and the rest included other assets.
Liability at the beginning of this year amounted to 363 million 313.48 thousand manat (+ 43.25%), including deposits from banks and customers - 272 million 779.66 thousand manat (+ 27.8%).
Shareholders' equity of the holding as of January 1 of this year was 73 million 159.35 thousand manat (+ 18.25%) and the cumulative loss - 41 million 105.75 thousand manat (+ 17.42% per year).
JSC AtaHolding was established in 1993. AtaHolding shareholders are three entities - Hughson Management Inc (51.15%), Asbet Ltd. (25.08%) and Clonmel International (23.77%). The structure consists of more than 10 subsidiary companies operating in the financial sector, industry, information technology, tourism, construction, energy, and food industry. -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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