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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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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