Assets of Capital Bank in January-July 2013 decreased by 2,174.12 million or three times prior to 1065.9 million manat. The loan portfolio decreased by 967.9 million or 2.3 times to 761.6 million manat. According to the bank, decline was observed in the loan portfolio, due to the payment of loans under the large-scale projects.
According to the bank's deposit portfolio for the period decreased by 15.53 million or 2.9% to $ 521.9 million manats, including household deposits decreased by 269.3 million or 3.5 times to 108.9 million manat.
Revenues and expenses of the bank equaled 70.4 million, respectively, and 55.1 million manat. The profit amounted to 15.3 million manat. - 15B -
Economics
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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