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
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review