JSC Azer-Turk Banki for the first half 2013 had a net profit of 646,000 manat, which is 10.8% less than the same period in 2012. Revenues and expenses of the bank equaled 5.6 million, respectively, and 4.95 million manat.
Assets increased in January-June, up 4.8% to 89.44 million manat. The volume of issued and corporations loans increased by 12.6% to 61.66 million manat, while the volume of non-performing loans increased by 45.2% and their share in the total loan portfolio increased by 1.77 percentage points, reaching 7.86%.
The total liabilities of the bank increased from 70.65 million to 74.13 million manat. The deposit portfolio increased by 74.3% to 44.79 million manat. Of these, 24.69 million manat fell on the share of time deposits.
The balance capital increased to 15.31 million manat, and the total capital - to 14.45 million manat. Paid charter capital remained unchanged totaled 12.24 million manat. - 15B -
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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