The assets of GanjaBank increased in 2012 by 10.5% to 53.27 million manat. The loan portfolio decreased by 2.5% to 38.31 million manat.
The total liabilities of the bank increased from 29.61 million to 35.35 million manat. The deposit portfolio increased by 20.8% to AZN 5.77 mln, including term client investments increased by 17.4% to 5.39 million manat.
The balance capital decreased to 17.92 million manat, and the total capital - to 14.17 million manat. The paid authorized capital remained at the level of 15 mln.
The Bank's earnings were equal to 2.75 million manat, decreased in comparison with 2011 by 20.6%, while the expenses increased by 5.9% to 3.62 million manat. The Bank completed 2012 with a loss of 872,000 manat. - 15B -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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