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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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