Assets of Deka Bank increased in January-September 2012 by 30.2% to 62.06 million manat. The volume of issued and corporate loans grew by 25% and amounted to 47.68 million manat.
The total liabilities of the bank increased from 26.73 million to 42.03 million manat. The deposit portfolio increased by 2.3 times and amounted to 16.86 million manat, including term client investments that increased 2.5 times to 14.14 million manat.
The balance capital fell by 4.2% to 20.03 mln and the total capital - 6.3% to 16.28 million manat. The paid authorized capital remained at 13.42 million manat.
The bank's earnings were equal to 5.06 million manat, which decreased compared to the same period in 2011 by 10.5%, while the expenses increased by 6.5% to 2.77 million manat. The net profit after tax decreased 26.8% to 2.29 million manat. - 15B -
Economics
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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The architectural company El & En has received several contracts worth a total of AZN 805,593 from the Committee for Urban Planning and Architecture. Additionally, the Territorial Construction Planning Center commissioned projects from the private company El & En worth several hundred thousand manats. These architectural projects involve work in liberated territories and other regions of Azerbaijan. The co-owner of this company, along with his son, is Elbay Gasimzade, the head of the Public Council under the State Committee for Urban Planning and Architecture and simultaneously the Chairman of the Union of Architects.
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The State Oil Company of Azerbaijan (SOCAR) will begin issuing "green" bonds on January 15, with a total issuance volume of USD 200 million, according to an official SOCAR statement cited by Turan.
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