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 Caspian International Investment Company JSC ended 2023 with a net loss of 557,000 manats, a significant improvement compared to the previous year, when losses were four times higher. The company's pre-tax losses for the year amounted to 264,000 manats, 11 times lower than in 2022, while income tax payments of 293,000 manats highlighted the efficiency achieved through strategic fiscal management.
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The 24th Republican Beekeeping Exhibition and Fair opened in Baku on Monday, with around 120 tons of honey products on sale. The event features the participation of 275 beekeepers from 39 districts across Azerbaijan and will run until September 29.
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BAKU, Sept 10 (Reuters) – The "Chain Reaction 2024" conference commenced in Baku on September 10, bringing together leaders and innovators from across the technology sector. Organized by FARI Solutions in collaboration with the Center for Analysis and Coordination of the Fourth Industrial Revolution and the Innovation and Digital Development Agency, the event is supported by Binance, the world's largest cryptocurrency exchange.
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The Azerbaijani government has amended its financing mechanism for higher education institutions, according to a decree issued by Prime Minister Ali Asadov on September 6. The changes update annual education costs for students in various academic levels and fields, including bachelor’s, master’s, medical, and doctoral programs, under state orders.
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