OJSC DemirBank in the first three quarters of 2012 received net profit after tax of 2.23 million manat, which is 47.7% more than the figure recorded a year earlier. The bank's earnings were equal to 37.73 million manat and the expenditures were 35.49 million manat, increasing by 12.8% and 11.6%.
The assets increased in January-September, up 4%, reaching 371.91 million manat. Lending for the period increased 10.3% to 277.37 million manat.
The total liabilities of the bank increased from 312.78 million to 326.16 million manat. The deposit portfolio decreased 0.5% to 147.69 million manat, while the term client investments increased by 19.2% to 124.59 million manat.
The balance capital grew by 2% to 45.75 mln and the total capital - by 11.4% to 55.63 million manat. The paid authorized capital remained unchanged - 21 million manat. - 15B -
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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