Assets of DekaBank increased during the first six months of this year by 8.6% to 64.43 million manat. The volume of loans increased 1.6% to 52.08 million manat.
The total liabilities of the bank declined from 41.74 million to 33.45 million manat. Deposit portfolio decreased by 54% to AZN 8.71 mln, with term client investments decreased by 51% to 7.68 million manat.
Balance sheet assets reached 30.98 million manat. The total capital increased by 87% to 26.44 million manat, and paid charter capital - by 78%, reaching 23.99 million manat.
The bank's earnings were equal to AZN 3.35 mln, a decrease compared to the same period in 2012 by 0.7%, while expenses increased by 2.9% to 1.68 million manat. Net profit after tax decreased 3% to 1.68 million manat. - 15B -
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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