Assets of AtaHolding closer to half a billion manat
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-
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- Politics
- 20 August 2014 19:32
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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