JSC Ganjabank increased assets in the first half of this year by 35.8 % to 72.37 million manat. Lending to individuals and legal entities increased by 17.5 %, reaching 45 million manat.
Total liabilities of the bank increased from 35.35 million to 44.48 million manat. Deposit portfolio for the reporting portfolio increased by 0.8 percent to 5.81 million manat.
Balance sheet assets reached 27.89 million manat. The total capital grew by 85.4 %, exceeding the 26.28 million manat, and paid charter capital - by 78.7 % to 26.8 million manat.
As a result of activities in January -June, the bank had a net profit of 2.41 million manat. The first half of last year, the bank ended up with a loss of 818 thousand manats. -15D -
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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