Assets of DekaBank increased in January-October 2012 by 30%, reaching 61.99 million manat. The volume of issued and corporations loans grew by 31.9% and amounted to 50.41 million manat.
The total liabilities of the bank increased from 26.73 million to 41.79 million manat. Deposit portfolio increased by 119.1% to 16.28 million manat, including term client investments increased by 2.5 times, reaching 14.46 million manat.
Balance capital fell by 3.8% to 20.19 million manat, and the total capital - by 4.9% reaching 16.59 million manat. Paid authorized capital remained at 13.42 million manat.
Income and expenses of the bank were respectively 5.69 million and 3.12 million manat. Net profit after tax amounted to 2.57 million 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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