For the first 3 months of 2016 loans of 20 million manat were granted by Capital Bank. The bank's loan portfolio as of April 1 of this year reached 1 billion 181.6 million manat.
Citizens and companies made deposits in the amount of 63 million manat. The deposit liabilities of the bank exceeded 1.1 billion manat. In addition, for three months, banks and other financial institutions increased deposits in Capital Bank by 223 million manat and brought the index to 613.6 million manat.
Since the beginning of the year the shareholders' equity of the bank increased by 18 million AZN and reached 290 million AZN, and the authorized capital reached 185 million AZN.
JSC Capital Bank is the largest bank in the country in the segment of clients and branch network. Pasha Holding Company owns 99.87% of its shares.
On May 27 a general meeting of shareholders will be held and it will distribute the profit for 2015. ----08D
Economics
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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.
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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.
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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.
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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.
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