The assets of the International Bank of Azerbaijan in Jan-May 2013 rose by 9% to 6,532.867 mln. The volume of issued and corporations loans increased by 11.3% to 4,293.4 million manat.
The total liabilities of the bank increased from 5,345.441 to 5,945.074 million manats. The deposit portfolio increased by 20.9% to 2,909.146 million manat, including term client investments increased by 1.6% to 1,533.45 million manat.
The balance capital grew by 7.7%, reaching 587.79 million manat, and paid charter capital - by 2.8% to 340 million manat.
Revenues and expenses of the bank equaled 206.38 million and, respectively, 171.69 million manat. Net profit after tax amounted to 34.68 million manat. - 15B -
Economics
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The Caspian International Investment Company JSC ended 2023 with a net loss of 557,000 manats, a significant improvement compared to the previous year, when losses were four times higher. The company's pre-tax losses for the year amounted to 264,000 manats, 11 times lower than in 2022, while income tax payments of 293,000 manats highlighted the efficiency achieved through strategic fiscal management.
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The 24th Republican Beekeeping Exhibition and Fair opened in Baku on Monday, with around 120 tons of honey products on sale. The event features the participation of 275 beekeepers from 39 districts across Azerbaijan and will run until September 29.
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BAKU, Sept 10 (Reuters) – The "Chain Reaction 2024" conference commenced in Baku on September 10, bringing together leaders and innovators from across the technology sector. Organized by FARI Solutions in collaboration with the Center for Analysis and Coordination of the Fourth Industrial Revolution and the Innovation and Digital Development Agency, the event is supported by Binance, the world's largest cryptocurrency exchange.
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The Azerbaijani government has amended its financing mechanism for higher education institutions, according to a decree issued by Prime Minister Ali Asadov on September 6. The changes update annual education costs for students in various academic levels and fields, including bachelor’s, master’s, medical, and doctoral programs, under state orders.
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