In the first half of 2013 Capital Bank lost almost three-quarters of individuals" deposits
Assets of Capital Bank in the January-June 2013 decreased by 990.02 million or 30.6% to 2,250 million manat. The loan portfolio decreased by 952 million or 55.1% to 777.5 million manat.
According to the bank, the deposit portfolio for the period decreased by 152.2 million or 28.3% to 385.2 million manats, including retail deposits decreased by 271.7 million or 3.6 fold to 106 million manat.
The total capital increased to 128.7 million manat, and paid charter capital remained at the level of AZN 50 million.
Revenues and expenses of the bank equaled 60.8 million, respectively, and 45.6 million manat. The balance sheet profit for the first half amounted to 15.2 million manat. - 15B -
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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