The assets of JSC Capital Bank at the end of last year amounted to 1 billion 380 million 76.79 AZN (+ 30.9%).
According to the information on the website of the bank, the amount of its loan portfolio as of 1 January was 905 million 109 thousand manat (+ 31.4%). Obligations of the bank are 1,094,840,000 manat (+ 24.9%).
Equity of the bank to the top of this year amounted to 285 million 233 thousand manat (+ 60.4%) with a charter capital of 185,850,000 manat (increased 2.3 times).
The bank had a significant net profit - 65 million 891 thousand manat.
JSC Capital Bank (former Savings Bank) is the oldest financial agency of the country, serving for 140 years. Its dominant shareholder is Pasha Holding (99.84%), while individuals have 0.16%. --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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