JSC Bank Avrasiya is one of those, which managed to increase its authorized capital by more than twofold late in 2014. Its other formal indicators are not that good, indicating that the capital was raised from outside.
As the bank said, as of 1 January this year its assets grew by 17.6% to 95 million 878.8 thousand manat.
The loan portfolio was at the level of 58 million 571.4 thousand manat (+ 8.6%) with the outflow of investors (minus 20%) - 16 million 37 thousand manat (a decline of 20%). The bank's liabilities to the beginning of the year amounted to 44 million 446.3 thousand manat (minus 24%).
By January 1, 2015 the bank's capital amounted to 51 million 432.5 thousand manat (an increase of 2.2 times), and the authorized capital was 50 million manat (an increase of 2.3 times).
The bank operated without profit - the net loss amounted to 9.3 thousand manat.
JSC Bank Avrasiya received its banking license on November 28, 2007. Its founders are 3 LLC? according to the latest figures: Euro Standard (37.5%), Galaktik (37.5%) and Azbizneskom (25%).
Recall LLC Euro Standard is part of the "family business" with "famous" residence permit at 7-3 Samed Vurgun Street. In the banking community Bank Avrasiya is perceived as a structure of the brother-in-law of the President, Araz Agalarov, who lives in Russia. --17D-
Economics
-
Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
-
Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
-
Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
-
Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
Leave a review