Assets of AtraBank increased in January-June 2012 by 0.4% to 62.75 million manat. The volume of issued and corporate loans grew by 2.7% and amounted to 46.48 million manat.
The total liabilities of the bank decreased from 48.95 million to 48.79 million manat. Deposit portfolio increased by 12.4% to 21.53 million manat, including term client investments that increased by 22.3% to 17.98 million manat.
The balance capital grew by 2.9% to 13.96 bn and the total capital grew by 3.3% to 11.62 million manat. The paid authorized capital remained at 10.42 million manat.
The income and expenses of the bank were respectively 40.02 and 3.75 bn manat. The net profit after tax amounted to 263 million manat. - 15B -
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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