Assets of Capital Bank Increased by 15.6% since Beginning of Year
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
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- Social
- 25 April 2016 13:42
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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