Assets of Bank Avrasiya decreased in 2012 by 13.8% to 60.42 million manat. The volume of loans decreased 39.5% to 39.18 million manat.
The total liabilities of the bank decreased from 48.58 million to 41.18 million manat. Deposit portfolio decreased by 23.7% to 30.64 million manat, with urgent client investments increased by 7.8% to 13.85 million manat.
Balance capital decreased to 19.24 million manat, and the total capital - up to 18.43 million manat. Paid authorized capital remained at the level of 20 mln.
Bank's earnings were equal to 6.98 million manat and expenditures - AZN 8.66 million, an increase compared with 2011, respectively 46.8% and 64.1%. Over the year, the bank received a loss of 1.68 million manat. A year earlier loss was at 514,000 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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