In the first 11 months of 2016 Bank Avrasiya showed a profit of 5 million 319 thousand manat.
During the reporting period the bank's assets increased by 18 million 663 thousand manat (15.6%), amounting to 138 million 34 thousand manat.
The bank’s liabilities in January-November 2016 reached 81 million 160 thousand manat (an increase of 14 million 518 thousand manat or 21.7%).
Deposits from the customers for the specified time increased by 10 million 249 thousand manat (36%) to 38 million 688 thousand manat.
The bank’s capital amounted to 56 million 874 thousand manat with growth of 4 million 146 thousand manat or 7.8%. --71D
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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