Assets of the «AFB» Bank in 2016 compared to 2015 decreased by 8.284.000 manats, or 2.68%, and totaled 300.446.000 manats. According to Turan, the bank's liabilities during the reporting period decreased to 219. 311.000 manats (-13,053.000 manat, or 5.61%).
Deposits in the «AFB» Bank fell by 45. 985.000 manats, or 32.2%, to 96.723.000 manats. Deposits of legal entities amount to 46.861.000 manat, and 16.679.000 manats.
Term deposits of legal entities «AFB» make up 26.151.000 manat and 7.031.000 manats.
The bank's capital «AFB» for the period amounted to 81.134.000 manat (an increase of 4.768.000 manats or 6.24%). The bank completed the 2016 year by a profit of 2.554.000 manats. The bank's authorized capital is 70.393.000 manats. 71D
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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