Assets of JSC AtaBank by July 1 of this year amounted to 397.688 million manat (+ 6.1% at the beginning of the year).
According to the financial structure of the loan portfolio reached AZN 255.371 million (+ 11.3%), and total liabilities - 340.71 million manat (4.3%).
Deposit portfolio in the first half was at 257.885 million manat (minus 6%) - it is noteworthy that the population began to take deposits - in six months recorded minus 10.5% - up to 171.33 million manat.
The bank's equity as of 1 July was at 56,977,550 manat (+ 18.4%), while the authorized capital has not changed since January - 37,500,700 manat.
AtaBank established in 1994 and is part of the investment AtaHolding. --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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