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
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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