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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A high-level event titled “Trio of COP Presidencies Dialogue: Roadmap for Mission 1.5 towards a Future of Shared Prosperity” was held within the framework of the 29th session of the United Nations Climate Change Conference (COP29).
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The State Oil Company of the Azerbaijan Republic (SOCAR) and Slovakia's largest gas operator, Slovenský Plynárenský Priemysel (SPP), have signed a short-term pilot contract for the supply of natural gas, according to sources in Slovakia.
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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