Assets of "DekaBank" fell in January and February of 2013 by 5.4%, to 56.1 million manat. The volume of issued and corporations loans decreased by 5.5% and amounted to 48.49 million manat.
The total liabilities of the bank declined from 41.74 million to 38.24 million manat. Deposit portfolio decreased by 15.3% to 16.01 million manat, including term deposits - by 8.3% to 14.42 million manat.
The balance capital grew by 1.9% to 17.87 million manat, and the total capital - by 2.3% higher than the 14.42 million manat. Paid charter capital remained unchanged at 13.42 million manat.
The bank's earnings were equal to 1.15 million manat, and expenses - 0.797 million manat. Net profit after tax amounted to 355 thousand. manat. - 15B -
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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