The Bank Respublika assets for the first three quarters of 2016 grew by 2.1% compared with the beginning of the year (18 million 960 thousand manat), amounting to 912 million 521 thousand manat.
The bank's liabilities during the reporting period increased by 34 million 209 thousand manat (4%) and account for 872 million147 thousand manat.
In the specified time the bank attracted 253 million 606 thousand manat from financial institutions, which is 15.7% (34 million 536 thousand manat) more than at the beginning of the year.
The bank's capital reduced for 9 months of this year by 27.4% (AZN 15 million 249 thousand) and was 40 million 374 thousand manat for the period reported.
Deposits of legal entities in the bank for three quarters increased by 35 million 236 thousand manat (12,1%) and account for 324 million 877 thousand manat, while the deposits of individuals within the specified time decreased by 39 million 215 thousand manat (14%) and account for 228 million 695 thousand manat. -----71D
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review