Assets of DemirBank fell in January -August of 2013 by 1.8 %, to 376.23 million manat. The volume of issued and corporations loans grew by 4.7 % and amounted to 286.35 million manat.
The total liabilities of the bank increased from 336.79 million to 328.68 million manat. The deposit portfolio increased by 4.3 % to 174.66 million manat, including term client investments increased by 7.5% to 142.31 million manat.
Balance sheet assets reached 47.56 million manat. The total capital increased by 1.1 % to 56.5 million manat, and paid charter capital remained unchanged at 20.98 million manat.
The bank's earnings were equal to 39.49 million manat , expenses - 37.27 million manat. Net profit amounted to 2.23 million manat. - 15B -
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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