Assets of Deka Bank increased in January-July of 2013 by 8.4 %, reaching 64.25 million manat. The volume of issued and corporations loans grew by 1.9 % and amounted to 52.3 million manat.
The total liabilities of the bank declined from 41.74 million to 32.97 million manat. Deposit portfolio decreased by 43.9 % to 8.34 million manat, including term client investments decreased by 2.2 times to 7.25 million manat.
Balance sheet assets reached 31.28 million manat. The total capital increased by 93.6 % higher than the 27.29 million manat, and paid charter capital - by 78.3 % to 23.96 million manat.
The bank's earnings were equal to 4.41 mln, an increase compared with the same period of 2012 by 14.8%, while expenses decreased by 5.1 % to 1.88 million manat. Net profit after tax increased 36 % to 2.52 million manat. - 15B -
Economics
-
Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
-
The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
-
On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
-
Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
Leave a review