Assets of DemirBank increased in January- October of this year by 1.7 % to reach 389.74 million manat. Lending to individuals and businesses increased by 8.1 % to 295.66 million manat.
The total liabilities of the bank increased from 336.79 million to 339.94 million manat. The deposit portfolio increased by 5.8 %, amounting to 177.25 million manat, including term client investments increased by 13% to 149.69 million manat.
The balance capital grew by 7.3 % to 49.79 million manat, and the paid charter capital remained unchanged at 20.98 million manat.
The revenues and expenses of the bank equaled to 50.42 million manat and 46.11 million manat respectively. The net profit after tax amounted to 4.27 million manat. -15 -
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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