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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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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