Assets of AG Bank for the third quarter 2016 compared to the beginning of the year increased by 8 million 711 thousand manat (1.7%) and account for 506 million 807 thousand manat.
The bank's liabilities during the reporting period decreased by 1.4% (6 million 221 thousand manat), reaching 439 million 992 thousand manat.
Deposits of AG Bank from the beginning of the year have decreased by 80 million 542 thousand manat (27.6%) amounting to 210 million 859 thousand manat, of which foreign currency amounted to 187 million 552 thousand manat.
Demand deposits of individuals in the bank were equal to 28 million 754 thousand manat and time deposits of individuals were 116 million 946 thousand manat.
Demand deposits of legal entities in AG Bank made up 61 million 336 thousand manat and time deposits of legal entities were 3 million 821 thousand manat.
AG Bank’s debt to the Central Bank of Azerbaijan for the period amounted to 45 million manat, whereas in the beginning of the year the debt amounted to 6 million manat.
The bank's capital for a specified time was 66 million 814 thousand manat (growth in comparison with the beginning of the year was 14 million 931 thousand manat - 28.7%). -----71D
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review