JSC Bank Respublika in the first half 2012 had a net profit after tax of 6.11 million manat, which is 2.3 times more than the figure recorded a year earlier. The bank's earnings were equal to 22.14 million manat and the expenditures were 16.03 million manat, increasing by 29.2% and 17%.
The assets increased in January-June by 6.1% to 333.15 million manat. The volume of issued and corporate loans grew by 25.5% and amounted to 210.89 million manat.
The total liabilities of the bank increased from 256.39 million to 276.78 million manat. The deposit portfolio increased by 9% reaching 179.58 million manat. Of these, 60.03 million manat fell to urgent client investments.
The balance sheet assets amounted to 56.37 million manat, and the total capital was 57.12 million manat. The paid authorized capital remained at 37.46 million manat. - 15B -
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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