Assets of "Bank Silk Way" in 2012 increased by 2.4 times, reaching 188.23 million manat. The volume of issued and corporations loans grew by 74.5% and amounted to 45.93 million manat.
The total liabilities of the bank increased from 38.09 million to 112.09 million manat. Deposit portfolio increased by 3 times, reaching 99.88 million manat, including term client investments doubled to 21.12 million manat.
Balance capital reached 76.13 million manat. Aggregate capital increased by 85.1% higher than the 75.71 million manat, and paid charter capital - doubled to 70.2 million manat.
The bank's earnings were equal to 14.93 million manat, and costs - 8.33 million manat, increasing compared to 2011, respectively 39.3% and 59.6%. Net profit after tax decreased by 21.7% to 3.96 million manat. - 15B -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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