Bank Avrasiya Expanded Lending by 28%
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
-
The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
-
Climate change poses a serious risk to global economic and financial stability, said Bo Li, Deputy Managing Director of the International Monetary Fund (IMF), at the event titled "Global Financial System: Scaling Up Climate Action Financing" held as part of COP29.
-
Azerbaijan's banking sector has unveiled a comprehensive set of initiatives aimed at bolstering sustainable development, according to Zakir Nuriyev, President of the Azerbaijan Banks Association (ABA). Nuriyev outlined the plans during the second panel of the "Global Financial System: Expanding Climate Finance" event.
-
Azerbaijan remains steadfast in its commitment to developing a sustainable green economy, according to Taleh Kazimov, Chairman of the Central Bank of Azerbaijan (CBA). Speaking at the COP29 event on Thursday titled “Global Financial System: Scaling Up Finance for Climate Action,” Kazimov emphasized the country's strategic focus on green development as part of its broader socio-economic agenda for 2030.
Leave a review