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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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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