At the expense of profit growth in the third quarter the total capital of Capital Bank reached 253 700 000 manat by October 1. At a rate of 12% capital adequacy ratio was 17.6%, according to the unaudited financial report of the bank.
In July-September, the bank's assets increased by 264 million manat to 1.8 billion manat.
For the three months the amount of deposits raised from individuals and legal entities increased by 77 million manat and reached 828 million manat. The growth of loans granted during this period amounted to 9% (90 million AZN) and amounted to 1 billion 140.8 million manat as of 1 October.
It is noteworthy that the data on revenues and expenditures of the bank are not available.
The authorized capital of Capital Bank is 185,800,000 manat.
Totally produced were 15 million shares, of which 99.87% are owned by Ltd Pasha Holding, while the remaining 0.13% - by about 170 individuals and legal entities. ------08D
Economics
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By the end of 2024, inflation in Azerbaijan is projected at 5.1%, increasing to 5.8% in 2025, as per the Central Bank's announcement. Just six months ago, in April, the bank had forecasted inflation at 3.5% for 2024 and 4.2% for 2025.
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The Cabinet of Ministers of Azerbaijan has approved the charter of the "Tourism and Recreation Zones Management and Development Center," a public legal entity under the State Tourism Agency. The decision, made on November 4, is intended to fulfill the requirements outlined in the presidential decree from August 2, 2024.
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A new desalination plant to produce drinking water is set to be built in Sumgait, Azerbaijan, as part of a project aimed at meeting increasing water demands in Baku and the Absheron Peninsula. The project was announced on November 5 during a bid-opening ceremony for proposals submitted in a tender for the plant’s development, according to the Turan news agency.
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Heydar Aliyev International Airport (GYD) has solidified its role as a critical transit hub for Azerbaijan, connecting Baku to over 80 international destinations across more than 30 countries. With routes linking major European cities like London, Paris, and Rome, as well as strategic points in the Middle East, Central, and South Asia, the airport has become central to Azerbaijan’s tourism and transit expansion.
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