Assets of Bank Avrasiya decreased in January-June 2012 by 11.3% to 62.18 million manat. The volume of issued and corporate loans grew by 27.8% and amounted to 35.93 million manat.
The total liabilities of the bank decreased from 48.58 million to 41.1 million manat. Deposit portfolio decreased by 19% to 32.51 million manat, while the term client investments increased by 8.5% to 14 million manat.
Balance capital decreased by 2% to 21.1 million manat. Aggregate capital increased by 1.7% to 20.26 million manat, and paid charter capital remained at the level of 20 mln.
The bank's earnings were equal to 3.38 million manat, and expenses - 3.09 bn, an increase compared to the same period in 2011, respectively, 54.5% and 10.7%. Net income before taxes was 294 thousand manat. The bank completed the same period last year with a loss of 584 thousand manat. -15B-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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