JSC Bank of Azerbaycan in the first three quarters of 2012 had a net profit after tax of 2.44 million manat, which is 13 times more than the figure recorded a year earlier. Income and expenses of the bank were respectively 15.62 million and 13.18 million manat.
The assets increased in January-September by 20% to 223.49 million manat. The volume of issued and corporations loans grew by 30% and amounted to 170.27 million manat.
The total liabilities of the bank increased from 164 million to 199.13 million manat. The deposit portfolio increased 27.1% to 130.68 million manat, including term client investments increased by 31% to 72.75 million manat.
The balance capital grew by 14.6% to 24.35 million manat, and the total capital - by 12.8% to 27.36 million manat. The paid authorized capital remained at 33.5 million manat. - 15B -
Economics
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review