BAKU/11.09.13/TURAN : Assets of Demir Bank fell in January -July of 2013 by 2.2 %, to 375.11 million manat. The volume of issued and corporations loans grew by 4.6 % and amounted to 286.19 million manat.
The total liabilities of the bank increased from 336.79 million to 327.74 million manat. The deposit portfolio increased by 3.5 %, amounting to 173.25 million manat, including term client investments increased by 6.3 % to 140.78 million manat.
Balance sheet assets reached 47.36 million manat, and paid charter capital remained unchanged at 20.98 million manat.
The bank's earnings were equal to 34.38 million manat , expenses - 32.24 million manat. Net profit after tax amounted to 2.14 million manat. - 15B -
Economics
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On September 6, the State Oil Company of Azerbaijan (SOCAR) has announced a partnership with American oilfield services firm Halliburton to conduct research aimed at reassessing the hydrocarbon potential of the shallow-water section of the Guneşli field.
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