The net loss of Bank Avrasiya based on performance in January-September this year amounted to 591,800 manat.
According to this bank small by local standards, its total assets increased by only 1.4% - up to 82,685,500 manat, while the loan portfolio is at AZN 58,431,100 (+ 8.3%).
The bank's liabilities amount to 52.434 million manat (minus 10.3%). The deposits also decreased - by 14.8%, amounting to 17,060,000 manat by October 1.
This bank is one of the contenders for the "elimination" from the list - its net worth is at the level of 30.2514 million manat (+ 31.1%) and the authorized capital is 30 million AZN.
Bank Avrasiya got its banking license on November 28, 2007. --17D-
Economics
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
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Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
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A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
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