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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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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