Deka Bank financial summary of ten-month activity
BAKU/04.12.13/TURAN : Assets of Deka Bank increased in January-October 2013 by 10.2 %, reaching 65.35 million manat. Volume issued to individuals and legal entities grew by 1.2% and amounted to 51.85 million manat.
The total liabilities of the bank declined from 41.74 million to 33.18 million manat. Deposit portfolio decreased by 63.4 % to AZN 7.1 mln , including term client investments decreased by 58.6% to 6.45 million manat.
Equity capital reached 32.17 million manat. The total capital increased by 97.9 % higher than the 27.96 million manat and paid charter capital - by 78.4 % to 23.99 million manat.
The bank's income equaled 5.66 million manat, and expenses - 2.53 million manat. Net profit after tax amounted to 3.13 million manat. - 15B -
Economics
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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