Assets of Amrahbank increased in January-September 2012, up 12.2%, reaching 95.47 million manat. The volume of issued and corporate loans grew by 35.5% and amounted to 68.28 million manat.
The total liabilities of the bank increased from 63.73 million to 72.3 million manat. The deposit portfolio increased 8.4% to 61.11 million manat, including term client investments that increased by 25% to 43.21 million manat.
The balance capital grew by 8.9%, reaching 23.17 million manat and the total capital - by 8.1% to 22.75 million AZN. The paid authorized capital remained at 14.71 million manat.
The bank's earnings were equal to 11.79 million manat, increasing as compared to the corresponding period of 2011 by 2.6%, while spending on the contrary decreased by 21.2% to 10.43 million manat. The net income before taxes totaled 1.54 million manat. - 15B -
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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