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
-
Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
-
Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
-
The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
-
The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
Leave a review