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
-
President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
-
Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
-
Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
-
The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
Leave a review