Assets of "Accessbank" increased in 2012 by 34.7% to 525.91 million manat. The volume of issued and corporations loans grew by 38.8% and amounted to 409.75 million manat.
The total liabilities of the bank increased from 299.08 million to 416.73 million manat. Deposit portfolio increased by 11.1% to 134.71 million manat, including term client investments that increased by 5.4% to 91.96 million manat.
Balance capital reached 109.18 million manat. Aggregate capital increased by 13.2% over 102.12 million manat, and paid charter capital - 25.4% to 85 million manat.
The bank's earnings were equal to 101.81 million manat and expenditures - AZN 81.37 million, an increase compared to 2011, respectively, 16.5% and 16.4%. Net profit after tax decreased 9.7% to 15.84 million manat. - 15B -
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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