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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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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