Capital of JSC AGBank close to the minimum required by CBA
JSC AGBank assets increased in the first quarter of 2014 by 0.7 % - up to 470 518 180 manat.
According to the bank's financial statements, the auditor's report confirmed that the loan portfolio to April 1, 2014 amounted to 339 129 300 manat (+1.8 %).
Liabilities of the bank at the end of the reporting quarter are 421,652,300 manats (+38.8 %). Deposits in the bank at the end of March 2014 amounted to 274 309 260 manat (+ 0.5 %), including deposits of the population - 228 489 000 manats.
The bank's equity as of 1 April totaled 48,865,800 manats, while the authorized capital was maintained at 25 million manat.
Net profit of the financial structure for the reporting period was 943,000 manats.
AGBank was founded in 1992. Its shareholders are the International Finance Corporation (17.5%), the company Kazimir Partners (10%) and individuals (70.59 %). The rest are private and public enterprises . -17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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