OJSC DemirBank in the first three quarters of 2013 had a net profit after tax of 3.5 million manat, which is 57 % more than the same period in 2012 . The bank's earnings were equal to 44.8 million manat and expenditures - 41.3 million manat, increasing respectively by 18.8 % and 16.3 %.
The assets decreased in January -September, up 1.3 % to 378 mln AZN. The volume of loans increased 6% to 289.89 million manat.
The total liabilities of the bank decreased from 336.79 million to 329.08 million manat. The deposit portfolio increased by 3.8 %, amounting to 173.84 million manat, including term client investments increased by 7.9 % to 142.75 million manat.
The balance capital grew by 5.4 % to 48.92 million manat, and the total capital - by 3.4 % higher than 57.81 million manat. The paid charter capital remained unchanged at 21 million manat. - 15B -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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