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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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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