OJSC Expressbank in the first three quarters of 2012 received net profit after tax of 8.96 million manat, which is 59.7% more than the figure recorded a year earlier. The bank's earnings were equal to 23.29 million manat and the expenditures were 13.17 million manat, increasing by 44.7% and 45.1%.
The assets increased in January-September by 23.6%, reaching 212.86 million manat. The volume of issued and corporations loans increased by 46.5% to 119.11 million manat.
The total liabilities of the bank increased from 92.37 million to 113.05 million manat. Deposit portfolio increased by 36.4% to 101.22 million manat, including term client investments increased by 33.1% to 27.01 million manat.
The balance capital grew by 25% to 99.81 million manat, and the total capital - 23.4% higher than the 98.07 million manat. - 15B -
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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