Assets of Expressbank increased in January -September 2013 by 2.2 %, reaching 256.21 million manat. The volume of issued and corporations loans increased by 57.1 % and amounted to 163.55 million manat.
The total liabilities of the bank declined from 148.89 million to 131.87 million manat. Deposit portfolio decreased by 26.9 %, amounting to 108.85 million manat , while the term client investments increased by 30.6 % to 37.12 million manat.
Balance sheet assets reached 124.34 million manat. The total capital grew by 20.5 % higher than the 120.08 million manat, and paid charter capital - by 16.4 % to 101.71 million manat.
The bank's earnings were equal to 25.15 million manat and expenditures - AZN 16.1 million , an increase compared to the same period in 2012 respectively by 8.2 % and 22 %. Net profit after tax decreased by 21.6 % to 7.03 million manat. - 15B -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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