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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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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