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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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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