Assets of Muganbank by April 1 totaled 343 million 894 thousand manats (+2.6 % YTD).
According to this financial structure, the volume of its loan portfolio over the period increased by 10.9 %, amounting to 243 million 859 thousand manats. Liabilities of the bank are at 295 million 73 thousand manats, and on deposit accounts is 166 million 644 thousand manats .
The bank's equity grew to nearly requirements of the Central Bank (48 million 821 thousand manats) with the amount of the authorized capital being 41.31 million manat.
Net profit in the first quarter amounted to 1 million 903.53 thousand manats.
Muganbank was formed in November 1992. Chairman of the Board is Elmir Hasanov . Shareholders of the bank are Elmir Mehdiyev (63.5 %) and three other individuals. - 17D-
Economics
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A high-level event titled “Trio of COP Presidencies Dialogue: Roadmap for Mission 1.5 towards a Future of Shared Prosperity” was held within the framework of the 29th session of the United Nations Climate Change Conference (COP29).
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The State Oil Company of the Azerbaijan Republic (SOCAR) and Slovakia's largest gas operator, Slovenský Plynárenský Priemysel (SPP), have signed a short-term pilot contract for the supply of natural gas, according to sources in Slovakia.
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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