In spite of the great shocks in the financial and banking sector in 2015, the assets of JSC Capital Bank exceeded 2 billion manats, increasing by 46.8%.
According to the financial report, the total amount of loans issued to customers is 1 billion 161.6 million manats, for which the bank has formed reserves of 76 million manats with a probability that some of them will not be refunded. In 2015, the loan portfolio increased by 32.4%.
Last year, the deposits of Capital Bank increased by 72% and exceeded 1 billion 45 million manats.
By 1 January 2016 the equity capital amounted to 286.8 million manats, of which 185 million AZN formed the authorized capital. Last year, the shareholders directed the profit for dividend payment.
OJSC Capital Bank has about 170 shareholders. Ltd. Pasha Holding owns 99.87% of the share capital. ----08B
Economics
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Azerbaijan produced 28,394.1 million kilowatt-hours (kWh) of electricity in 2024, according to operational data released by the Ministry of Energy.
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The 10th meeting of customs heads from the Organization of Turkic States (OTS) commenced in Baku on Tuesday, bringing together senior officials from Azerbaijan, Turkey, Kazakhstan, Uzbekistan, and Kyrgyzstan. Representatives from the United Nations, the International Road Transport Union (IRU), and the customs authorities of Georgia and Hungary also participated.
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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