The assets of Bank of Baku in the third quarter of 2016 compared to the second quarter decreased by 6.4% (37 million 844.54 thousand manat), amounting to 549 million 542.43 thousand manat, the bank said.
During the reported period the bank's liabilities amounted to 498 million 990.24 thousand manat, decreasing by 4.5% (23 million 664.74 thousand manat).
The bank’s capital was reduced by 14 million 179.79 thousand manat (21.9%) and amounted to 50 million 552.19 thousand manat.
The bank’s funds increased by 2 million 114 thousand manat since the beginning of 2016, reaching 114 million 358 thousand manat. ---71D
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review