The assets of the Baku branch of Melli Iran Bank fell in January- September 2013 by 0.5 % to 69.74 million manat. The volume of loans issued to individuals and legal entities decreased by 6.3% and amounted to 24.07 million manat.
The total liabilities of the bank decreased from 48.53 million to 48.24 million manat. Deposit portfolio has expanded twice reaching 4.03 million manat .
Equity capital reached AZN 21.5 million and total capital decreased to 21.53 million manat. Paid charter capital remained at 22.41 million manat.
Net profit after tax amounted to 49,000 AZN. - 15B -
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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