The international auditing firm KPMG has completed the audit of the consolidated financial statements of Bank Technique for the first half of 2013.
According to the audit , the bank's profit before tax for July 1, 2013 was 18,574,000 manats. The comparable figure for the first six months of 2012 was equal to AZN 2,910,000 and the annual figure for 2012 was equal to 5,196,000 manats.
Individual deposits for 6 months increased AZN 36,931,000 to 146,945,000 manats.
The audit report also notes that, thanks to the work done on the return of the bank's management of problem loans and recovery of loans previously created reserves on loans decreased by 15,922,000 manats.
The capital of the bank increased by AZN 23,159,000 to 53,345,000 manats. The authorized capital of the bank has also been increased to 75,100,000 manats.
Report of the audit company KPMG is posted at Bank Technique. JSC Bank Technique was created in 1994. - 15D -
Economics
-
As 2024 comes to a close, Azerbaijan finds itself at a crossroads—holding a prominent position in certain sectors of the global economy but still grappling with issues that hinder broader socioeconomic development. From energy exports to logistics corridors, the country has carved out a niche, yet cracks in its socioeconomic fabric are becoming harder to ignore. Let’s delve into the numbers and listen to expert opinions on Azerbaijan's global standing.
-
Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
-
As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
-
Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
Leave a review