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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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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