The credit portfolio of Ata Bank reached AZN 530.4 million (+ 19.2%) in 2015. On its deposit accounts there was 443.5 million manats, of which the share of deposits of physical persons was 260.8 million manats (+ 37.7%) by January 1.
The bank's assets also increased (+ 4%), reaching by the end of the reporting period 607 200 000 manats with obligations at the level of 534 million manats (+ 3.2%).
The shareholders' equity decreased by 14.4% and at the beginning of the year amounted to 53.7 million AZN. The authorized capital of 50 million AZN did not change.
The bank worked with a net profit of 1.4 million AZN.
JSC Ata Bank has been working since 1994. Its only shareholder is the group of companies Ata Holding. --17D-
Economics
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According to data released by the State Statistics Committee, Azerbaijan’s agricultural sector achieved slight production growth in the first eight months of 2024. The total volume of agricultural production reached 8.723 billion manats, which is 0.8% higher than during the same period last year. However, this growth occurs against a backdrop of increasing food imports, despite significant government subsidies aimed at supporting domestic agriculture.
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Azerbaijan has unveiled strong fiscal indicators for the first eight months of the current year, reporting a state budget surplus that underscores the country’s economic resilience amidst global uncertainties. According to operational data released by the Ministry of Finance, state budget revenues from January to August 2024 reached 25 billion 223.4 million manats, while expenditures amounted to 22 billion 362.4 million manats.
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Azerbaijan has made significant progress in diversifying its energy balance, with renewable sources playing an increasingly important role in the country's electricity production. Operational data for January-August 2024 show that total electricity generation reached 19,235.4 million kilowatt-hours (kWh), marking a noticeable shift towards greener energy.
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Bilateral relations between Azerbaijan and Russia are accelerating, particularly in the agricultural sector, as Deputy Prime Minister Shahin Mustafayev and Russia’s Minister of Agriculture Oksana Lut underscored during their high-level meeting on September 13 in Baku.
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