Assets of Capital Bank in January-March 2013 decreased by 467.3 million or 14.4% to 2,772.7 million manat. The loan portfolio decreased by 475.9 million or 27.5% to 1253.7 million manat.
According to the bank, the deposit portfolio for the period decreased by 16.7% to 447.5 million manats, including retail deposits decreased by 211.4 million or 2.3 times to 166.3 million manats.
The total capital increased to 118.8 million manat, and the paid charter capital remained at the level of AZN 50 million.
The revenues and expenses of the bank equaled 31.8 million, respectively, and 26.9 million manat. The balance sheet profit for the first quarter amounted to 4.9 million manat. - 15B -
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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