JSC Capital Bank in the first three quarters of 2012 made net profit before income taxes of 20.5 million manat, which is 5.1 times more than the figure recorded a year earlier. The bank's earnings were equal to 81 million manat and its expenditures were 60.5 million manat, increasing by 36% and 8.8%.
The assets increased during the year by 72.2% to 2.0628 billion manat. The volume of issued and corporate loans grew by 6.5% to 978.5 million manat.
The deposit portfolio increased compared to the same period last year by 88.6% to 460.1 million manat, including deposits of individuals that increased by 9.4% to 136.5 million manat.
The aggregate capital increased by 33.3% reaching 121.7 million manat, and the paid charter capital - by 25%, reaching 50 million manat. - 15B -
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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