JSC Deka Bank in the first three quarters of 2013 had a net profit after tax of 2.78 million manat, which is 21.4 % more than in the same period in 2012. The bank's earnings were equal to AZN 5.1 million - an increase of 0.2, and expenses decreased by 17.3 % to 2.28 million manat.
Assets increased in January -September, up 8.8 % to 64.54 million manat. The volume of loans increased 1.8% to 52.17 million manat.
The total liabilities of the bank declined from 41.74 million to 32.65 million manat. The deposit portfolio decreased by 60.3 % to 7.52 mln, including term client investments decreased by 57.3 % to 6.69 million manat.
The balance sheet assets reached 31.89 million manat. The total capital grew by 95.7 % higher than 27.61 million manat, and the paid charter capital - by 78.4 % to 23.99 million manat. - 15B -
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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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.
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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.
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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.
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