Assets of Azer-Turk Banki increased during the first nine months of 2013 by 13.4 %, reaching 96.75 million manat. The volume issued to individuals and legal entities grew by 26.6 % to 69.35 million manat, while NPLs increased by 53.6 % , and their share in the total loan portfolio increased by 1.30 percentage points, reaching 7.39 %.
The total liabilities of the bank increased from 70.65 million to 80.55 million manat. The deposit portfolio increased by 98.6 % and amounted to 51.05 million manat. Of these, 26.48 million manat fell on term deposits.
The equity capital increased to 16.19 million manat, and the aggregate capital - to 15.21 million manat. The paid charter capital remained unchanged and totaled 12.24 million manat.
The income and expenses of the bank equaled 8.78 million manat and 7.44 million manat, respectively. The net profit after tax amounted to 1.34 million manat. - 15B -
Economics
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In Azerbaijan, there has been an observed increase in the price of flour. In May, a 50-kilogram sack of flour cost 25-26 manats, but now it has risen to 29 manats. This increase in the price of flour is also reflected in the data from the State Statistics Committee (SSC).
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Azerbaijan and Israel have engaged in discussions to advance cooperation in the field of green energy, Azerbaijan's Energy Minister Parviz Shahbazov announced on the social network "X." During the meeting with Israeli Minister of Regional Cooperation David Amsalem, both sides reviewed ongoing cooperation in the hydrocarbon sector, discussed renewable energy projects currently being implemented in Azerbaijan, and explored prospects for enhancing bilateral energy ties.
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The Milli Majlis of the Republic of Azerbaijan has introduced significant amendments to the nation’s food safety law, aiming to enhance regulation over the production and importation of alcoholic beverages, particularly vodka. The amendments, ratified by President Ilham Aliyev, are intended to ensure compliance with stringent safety and economic criteria, reflecting the government's commitment to maintaining public health standards and fiscal accountability.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved amendments to the list of specialized medical institutions authorized to perform donor organ transplants. The changes, guided by the eighth paragraph of Article 119 of the Constitution of Azerbaijan, were announced in resolutions No. 337 and No. 338, signed by Prime Minister Ali Asadov.
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