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 is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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