
Bank Respublika in January-October rose by 26.2%
The assets of Bank Respublika within 10 months of this year increased 26.23%, reaching 395 million manats. The liquid assets of the bank reached 103 million manat, or 26.3 percent of the total assets.
The bank's loan portfolio increased 57.9 million or 33.4% and amounted to 231 million manat.
The total amount of the money of the bank's customers for the period rose 32% to 213.1 million manat.
The bank's income totaled 39.5 million manat, including non-interest - 12.5 million manat. The net profit amounted to 10.8 million manat.
The aggregate capital of the bank at the end of October amounted to 62.3 million manat. -15D -
Economics
-
Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
-
U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
-
Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
-
Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
Leave a review