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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The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
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Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
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A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
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