Assets of Ata Bank increased in January- September 2013, up 11.3 %, reaching 320.31 million manat. The volume of issued and corporations loans increased by 24.4 % to 234.42 million manat.
The total liabilities of the bank increased from 248.83 million to 279.07 million manat. The deposit portfolio increased by 11.5 % to 271.52 million manat, including term client investments increased by 16.9 % to 221.73 million manat.
The balance capital grew by 6.6 %, reaching 41.24 million manat, and the paid charter capital remained unchanged and totaled 27.99 million manat.
The bank's earnings were equal to 31.76 million manat and its expenses were 24.85 million manat. The net profit after tax amounted to 6.91 million manat. - 15B -
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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