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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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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