BAKU/18.12.13/TURAN : JSC BTB Bank in the first three quarters of this year had net profit after tax of 3.76 million manat, which is 3.2 times more than in the same period in 2012 . The bank's earnings equaled 14.61 million manat and its expenditures were 10.85 million manat, increasing by 57.8 % , respectively, and 33.9% .
The assets increased in January-September by 27.6 %, amounting to 117.08 million manat. The volume issued to individuals and legal entities grew by 28.4 % and amounted to 106.32 million manat.
The total liabilities of the bank increased from 73.65 million to 85.46 million manat. The deposit portfolio decreased by 0.5 % to AZN 42.7 mln, while the term client investments increased by 9.1% to 35.78 million manat.
The equity capital reached 31.62 million manat. The total capital increased by 88.1 % to 30.35 million manat and the paid charter capital - by 75% to 23.84 million manat. - 15B -
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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