JSC DekaBank for the first 11 months of 2012 had net profit after tax of 2.68 million manat, which is 39% lower than recorded in the previous year. The bank's earnings were equal to 6.3 million manat, and the costs - 3.63 million manat, increasing by 15% and 20.6%.
The assets increased in January-November, up 31.7% to 62.82 million manat. The volume of issued and corporations loans grew by 34% and amounted to 51.23 million manat.
The total liabilities of the bank increased from 26.73 million to 42.43 million manat. The deposit portfolio increased by 2.5 times, amounting to 18.4 million manat, including term client investments that increased 2.8 times to 15.8 million manat.
The b Balance capital fell by 2.4% to 20.39 million manat, and the total capital - 4.1% to 16.71 million manat. The paid authorized capital remained at 13.42 million manat. - 15B -
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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