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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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