JSC Rabitabank assets totaled 260,450,000 manat (3.1% YTD).
According to this financial structure, its credit portfolio by October 1 was 191,020,000 manat (+ 18.6%), with commitments of 203,490,000 manat. Deposits of the bank for 3 quarters were at 137,950,000 manat (+25%).
The bank's equity at the end of September stood at 55.23 million manat (4.8%) at the authorized capital of 45.5 million manat.
There were no losses. On the contrary, the net profit by 1 October was 3.25 million manat.
JSC Rabitabank was created in 1993. The shareholders are the 13 legal entities and 5 individuals. The main share (99.48%) belongs to individuals (Zakir Nuriyev - 25.56%, Aslan Hasiyev - 24.77%, Seyran Nuriyev - 23.58%, Dilara Nuriyeva - 13.48%, Yashar Gurbanov – 12.09%.) --17D-
Economics
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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