Assets of PASHA Bank made on July 1 this year were 656.48 million manat. The volume of loans increased in the first half of the year by 44.59 million or 16%, reaching 325.48 million manat.
The deposit portfolio amounted to 360.65 million manat. Of these, 121.79 million manat fell to urgent client investments.
The total assets increased by 1.9%, reaching 181.42 million manat, and the paid charter capital remained at the level of AZN 157 million.
The revenues and expenses of the bank equaled 32.35 million, respectively, and 28.42 million manat. The net profit amounted to 3.93 million manat. - 15B -
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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