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) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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