Over three quarters of 2014 JSC Capital Bank received 39.2 million of balance profit, which is 46.5% of its net interest and interest income.
Net monthly earnings per share amounted to slightly more than 2 manat. The Bank has outstanding 15 million common shares with par value of AZN 12 39 gepiks. Adequacy ratio of the bank's total capital to its assets, calculated in compliance with the degree of risk was 23.9% in January-August. After tax profits, the bank earned from the beginning of the year 31,470,000 manat net profit.
With assets of 1 371 million manat, the bank has a commitment of 1 121 million manat. Equity attributable to shareholders exceeds 250,300,000 manat. Retained profit for August 31 this year exceeded 52 million manat.
JSC Capital Bank since 2007 is controlled by the Pasha Holding Ltd, which owns 99.84% of its shares. --08B--
Economics
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Azerbaijan is poised to increase wheat imports for the 2024-2025 season following a significant drop in domestic wheat production this year. According to data from the State Statistics Committee, the country harvested 1.68 million tons of wheat in 2024, marking an 8.1% decline from the previous year. This downturn in output, combined with rising import volumes in recent months, indicates that Azerbaijan may lean more heavily on foreign suppliers to meet its wheat needs.
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Azerbaijan Railways CJSC (ADY) has announced the restructuring of its container transportation management in an effort to enhance the efficiency of transit cargo transportation. As part of this reorganization, ADY Express will merge with ADY Container starting on November 1, 2024. The consolidation is aimed at expanding the range of services offered in both container and carriage transportation.
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Azerbaijan has introduced a legal framework enabling the electronic state registration of legal entities with foreign investments, regardless of whether their founders are individuals or legal entities, according to the State Tax Service. The announcement was made by Samira Musayeva, Deputy Head of the State Tax Service, during a meeting of the "Entering Business" Working Group.
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The World Bank aims to deepen its involvement in Azerbaijan's economic development through a new partnership framework program, according to discussions between Azerbaijani officials and World Bank representatives. The proposed framework, which will cover the years 2025-2029, is designed to support the country’s transition to an innovative and less resource-dependent economy.
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