Income and expenses of Accessbank last year grew proportionally
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 -
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- Economics
- 30 January 2013 15:06
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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