Deka Bank Capitalization Increased by 93.6%
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
-
Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
-
Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
-
Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
-
The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
Leave a review