JSC Credo Bank in the first three quarters of 2012 net profit after tax of $ 464 thousand manat, which is 57.3% more than the figure recorded a year earlier. Bank's earnings were equal to 7.38 million manat, and costs - 6.79 million manat, increasing by 19.4% and 17.2%.
Assets increased in January-September, up 8.6% to $ 98.15 bn. The volume of loans fell by 6.6% to 73.62 million manat.
The total liabilities of the bank increased from 60.03 million to 68.84 million manat. Deposit portfolio increased by 20.3% to 16.6 million manats, including term client investments increased by 41.8% to 13.99 million manat.
Balance capital increased by 2.2% reaching 25.03 million manat, total capital increased by 1.6% to 22.99 million manat. Paid authorized capital remained unchanged reaching 20.54 million manat. -15B-
Economics
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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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