The assets of Bank Silk Way for the third quarter of 2016 grew by 8.7% (31 million 508.85 thousand manat), compared to the beginning of the year, and amounted to AZN 393 million 507.78 thousand.
The share of foreign currency assets amounted to 223 million 659.19 thousand manat.
The bank's liabilities grew by 23.36% (60 million 402.4 thousand manat) during the reported period, reaching 280 million 461.85 thousand manat (220 million 059.45 thousand manat in foreign currency).
For the first nine months of this year the Bank Silk Way capital grew by 9 million 601.940 thousand manat (9.2%), amounting to 113 million 045.94 thousand manat.
The bank concluded the period with a profit of 5 million 669 thousand manat. ---71D
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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