Assets of AG Bank in 2016 grew by 21 million 907 thousand manat or 4.39% compared to 2015, amounting to 520 million 3 thousand manat. For the specified time, liabilities of the bank increased by 19 million 986 thousand manat, or 4.47%, to 466 million 199 thousand manat.
Deposits in the bank during this period decreased by 25.78% or AZN 75 million 126 thousand, reaching 216 million 275 thousand manat.
Call deposits of individuals make up AZN 33 million 825 thousand, and those of legal entities make up 54 million 171 thousand manat.
Timed deposits of individuals amount to 124 million 637 thousand, and those of legal entities make up 3 million 641 thousand manat.
The debt of AG Bank to the Central Bank for this time increased from AZN 6 million to AZN 45 million.
The bank's capital grew by 3.7%, or 1 million 921 thousand manat in the reported period and is 53 million 804 thousand manat.
The volume of overdue bank loans increased from 55 million 699 thousand manat in 2015 to 136 million 405 thousand manat in 2016.
The bank completed 2016 with a loss of 35 million 629 thousand manat. -----71D
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review