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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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