The assets of the non-bank credit organization Finoko grew by 855,680 AZN in the first half of 2016 (+9.7%), reaching 9,595,400 AZN, of which 9,001,490 AZN was in foreign currency. The obligations rose by 6.5% during the reported period (460,500 AZN), reaching 7,533,060 AZN (7,483,010 AZN in foreign currency).
The capital for the first six months of 2016 rose to 2,062,340 AZN (+23.7% = 395,180 AZN).
The organization’s profit made up 395,180 AZN in the first six months of the current year. Overall, in 2015 the company's income was AZN 658,670. -71D-
Economics
-
The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
-
Climate change poses a serious risk to global economic and financial stability, said Bo Li, Deputy Managing Director of the International Monetary Fund (IMF), at the event titled "Global Financial System: Scaling Up Climate Action Financing" held as part of COP29.
-
Azerbaijan's banking sector has unveiled a comprehensive set of initiatives aimed at bolstering sustainable development, according to Zakir Nuriyev, President of the Azerbaijan Banks Association (ABA). Nuriyev outlined the plans during the second panel of the "Global Financial System: Expanding Climate Finance" event.
-
Azerbaijan remains steadfast in its commitment to developing a sustainable green economy, according to Taleh Kazimov, Chairman of the Central Bank of Azerbaijan (CBA). Speaking at the COP29 event on Thursday titled “Global Financial System: Scaling Up Finance for Climate Action,” Kazimov emphasized the country's strategic focus on green development as part of its broader socio-economic agenda for 2030.
Leave a review