Last year, Bank Respublika increased by 37.2%
Assets of Bank Respublika increased in 2012 by 37.2% to 430.84 million manat. The volume of issued and corporation loans grew by 39.6% and amounted to 234.73 million manat.
The total liabilities of the bank increased from 256.39 million to 370.18 million manat. Deposit portfolio increased by 57.2% to 259.04 million manat, including term client investments increased by 39.4% to 89.14 million manat.
Balance capital grew by 5.3% to 60.67 million manat. Total and authorized capital of the bank amounted to 59.19 million and 37.46 million manat.
The Bank's earnings were equal to 48.59 million manat, increasing compared to 2011 by 45.5% and its expenditures grew by 57.5% to 35.99 million manat. Net profit after tax amounted to 9.84 million manat. - 15B -
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- Economics
- 28 February 2013 12:17
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- Question-answer
- 28 February 2013 12:44
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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