Mugan Bank concluded the year 2016 with a loss of AZN 14 million 5 thousand.
The bank's assets in 2016 compared to 2015 decreased by 93 million 506 thousand manat or 16.5% to 470 million 824 thousand manat.
The bank's liabilities during the reporting period decreased to 407 million 539 thousand manat (-104 million 95 thousand manat or -20.3%).
During the specified time Mugan Bank’s capital reached 63 million 285 thousand manat (an increase of 10 million 589 thousand manat or 20%).
During the year, the bank increased its authorized capital from AZN 55 million to AZN 75 million. -----71D
Economics
-
The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
-
Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
-
In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
Leave a review