The deposit portfolio of Azer-Turk Banki decreased in 2012 by 18.7% to 25.73 million manat, including term client investments decreased by 30.1% to 14, 18 million manat.
The bank's assets in the same period rose to 85.26 million manat. Lending to individuals and businesses increased by 38% amounting to 54.81 million manat. It is noteworthy that the volume of bad loans increased compared to 2011 by 39%.
Balance capital reached 14.58 million manat. Aggregate capital increased by 6.2% to 13.72 million manat, and paid charter capital - by 5.2% to 12.24 million manat. - 15B -
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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