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
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
-
Данная инициатива направлена на цифровизацию процессов управления в сфере безопасности пищевых продуктов в Азербайджане, создание более эффективной и прозрачной системы за счет применения современных технологий.
-
Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
Leave a review