Assets of Deka Bank increased in January-July 2012 by 12.6% to 53.68 million manat. The volume of issued and corporate loans grew by 16.2% and amounted to 44.43 million manat.
The total liabilities of the bank increased from 26.73 million to 34.24 million manat. The deposit portfolio increased by 70.3% to 12.62 million manat, including term client investments that increased by 91.2% to 10.93 million manat.
The balance capital decreased to 19.43 million manat, and the total capital - to 15.81 million manat. The paid authorized capital remained at 13.42 million manat.
The bank's earnings were equal to 3.84 million manat, and its costs were 1.98 million manat. The net profit after tax amounted to 1.86 million manat. - 15B -
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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