Equity of local DemirBank by July 1, 2014 made up 62.8 million manat (5.7% at the beginning of the season). This 12.8 million manat exceeds the requirements of the Central Bank of the Republic of Azerbaijan to the minimum capitalization (from January 1 next year, 50 million manat).
According to the reporting of this financial structure for the first half, its assets also increased (1.9%), reaching 412.9 million manat. The loan portfolio in this period also increased (3%) to 319.5 million manat.
The total volume of term deposits in the bank at the beginning of July this year reached 165.6 million (+4.7%).
JSC DemirBank was established in 1989 and is the first private bank. Among its shareholders there are more than 850 individuals and entities. Distinguished among them are the European Bank for Reconstruction and Development (25% +1 share) and Netherlands Development Finance Company (FMO, 10%). - 17D-
Economics
-
Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
-
The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
-
But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
-
Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
Leave a review