Azer-Turk Banki lost in 2012, 30% of time deposits
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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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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