JSC Bank Avrasiya in the first three quarters of 2013 had net profit before tax of 4.27 million manat, which is 5.2 times more than in the same period in 2012 . The bank's earnings were equal to 6.45 million manat, increasing by 25 %, while the expenses decreased by 48.8 % to 2.19 million manat.
The assets increased in January -September, up 30.8 % to 79.01 million manat. The volume of loans increased by 25.8 % to 49.26 million manat.
The total liabilities of the bank increased from 41.18 million to 55.28 million manat. The deposit portfolio increased by 43.7 % to 44.05 million manat, including term client investments increased by 32% to 18.3 million manat.
The balance capital grew by 23.4 %, reaching 23.73 million manat, and the total capital - by 23.9 % higher than 22.81 million manat. The paid charter capital remained unchanged at 20 million manat. - 15B -
Economics
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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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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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