Assets of Bank of Azerbaijan" increased in 2012 by 41.4% to 263.35 million manat. The volume of issued and corporations loans grew by 52.9% and amounted to 202.48 million manat.
The total liabilities of the bank increased from 164.86 million to 228.76 million manat. Deposit portfolio increased by 41.8% to 145.82 million manat, including term client investments increased by 53.9% to 85.42 million manat.
Balance capital reached 34.59 million manat. Aggregate capital increased by 47.3% to 35.81 million manat, and paid charter capital - by 35.2% to 45.3 million manat.
The Bank's earnings were equal to 25.85 million manat and expenditures - AZN 25.75 million, an increase compared to 2011, respectively, 24% and 27.1%. Net profit after tax amounted to 100 thousand manats. - 15B -
Economics
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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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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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