Assets of Muganbank as of October 1 amounted to 368,560,000 manat (+ 9.9% compared to the same period last year). The loan portfolio of the bank amounted to 281,220,000 manat (+ 27.8%), with commitments of 315,100,000 manat (+ 9.2%) and the deposit accounts were 143 940 000 manat (minus 5.3%) .
The bank’s capital as of 1 October was 53,460,000 manat (+ 13.9%), and the share capital was 45,310,000 manat (+ 9.7%).
The net profit was at the level of AZN 6,619,670.
Muganbank was formed in November 1992. Its shareholders are 4 individuals. --17D-
Economics
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The State Oil Company of Azerbaijan (SOCAR) and Subsea7, a global leader in offshore engineering and construction, are exploring further collaboration on new projects in the Azerbaijani sector of the Caspian Sea. During a meeting between SOCAR President Rovshan Najaf and Subsea7 CEO John Evans, the two sides discussed the potential for Subsea7’s technological innovations to play a role in upcoming ventures. They also considered other areas of mutual interest for both companies.
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According to the State Customs Committee and the State Statistics Committee, Azerbaijan saw a significant increase in meat imports during the first nine months of 2024, amid more modest growth in domestic production.
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The event "Sustainable Transport of the Future" is being held in Baku on Wednesday, organized with the support of Azerbaijan Railways CJSC, aimed at promoting the concepts of sustainable transport that minimizes environmental impact. The event highlights environmentally friendly transportation options, such as walking, cycling, green public transport systems, and eco-friendly vehicles, all contributing to the reduction of greenhouse gas emissions.
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On October 23, 2024, the 3rd Conference of Energy Ministers within the framework of the "One Belt, One Road" (OBOR) initiative opened in Qingdao, China. Energy ministers from around the world gathered to discuss critical issues related to global energy security, the transition to clean energy, and innovations in the sector.
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