Assets of Demir Bank increased in January-November 2013 by 2 %, to 390.96 million manat. Volume of the loans issued to individuals and legal entities grew by 11.4% and amounted to 304.81 million manat.
The total liabilities of the bank increased from 336.79 million to 339.72 million manat. Deposit portfolio increased by 7.1 %, amounting to 179.34 million manat, including term client investments increased by 16.5 % to 154.31 million manat.
Equity capital increased by 10.5%, reaching 51.25 million manat and paid charter capital remained at 20.98 million manat.
The bank's earnings equaled 55.99 million manat and expenditures - 50.26 million manat. Net profit after tax amounted to 5.73 million manat. - 15B -
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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