JSC Azerbaycan Senaye Banki in the first three quarters of 2012 received net profit after tax of 3.89 million manat, which is 2.2 times more than the figure recorded a year earlier. The bank's earnings were equal to 13.32 mln and its expenditures were 9.43 mln, up by 1% to 19.7%.
The assets grew in January-September, up 3.2%, to 159.85 million manat. The volume of issued and corporate loans decreased by 4% to 121 million manat.
The total liabilities of the bank increased from 119.99 million to 121.04 million manat. The deposit portfolio increased by 7.1% to $ 51.32 mln, while the term client investments decreased by 11.6% to 24.36 million manat.
The balance capital reached 38.82 million manat. The aggregate capital increased by 13.7% to 32.44 million manat, and the paid charter capital - by 16.7% to 28 million manat. -15B-
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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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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