The assets of OJSC "Kapital Bank" in the first half of 2016 increased by 269million manat or 13.3% ,and reached 2 billion 286.8 million manats, reads the bank report. On July 1, the bank's loan portfolio amounted to 1 billion. 180.7 million manat, which is by 6.9% (77 million manat) more than in the beginning of this year. The volume of attracted deposits of Kapital Bank (1 billion. 164.1 million AZN) increased by 3.4% (39 million manat) since the beginning of the year. It is noteworthy that the growth rate of bank liabilities (17.5% or 302 million AZN) is ahead of the growth of the bank's assets. The OJSC "Kapital Bank" does not provide information about the profit and loss for the first six months of 2016. With the authorized capital of 185,500,000 manat the share capital of the bank for July 1, is 259,600,000 manats. The OJSC "Kapital Bank" has 170 shareholders; the Ltd. "Pasha Holding" owns 99.87% of its shares. --08D--
Economics
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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The State Statistical Committee of Azerbaijan announced amendments to its 2012 decision on labor-related statistical surveys, aiming to improve the data collection framework for employee professions, salaries, and work hours.
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