The assets of Amrah Bank in the third quarter of 2016 compared to the same period last year increased by 33% (65 million 183.203 thousand manat), amounting to 262 million 149.632 thousand manat.
During the reporting period the bank's liabilities increased 38.5% or 57 million 142.772 thousand manat to 205,526,993 manat.
The capital of Amrah Bank for the period increased to 56 million 622.638 thousand manat (growth - 16.5% or 8,040,431 manat).
In the third quarter loss of the bank amounted to 3,868,930 manat. ----71D
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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