OJSC "Xalq Bank" in the first three quarters of 2012 net profit after tax of 8.98 million manat, which is 4.2 times more than the figure recorded a year earlier. The bank's earnings were equal to 48.21 million manat, increasing by 11.8%, while its expenses decreased by 4.2% to 39.23 million manat.
Assets increased in January-September by 16.3% to AZN 831.48 million ($ 1.1 billion). The volume of issued and corporations loans grew by 41.1% and amounted to 625.61 million manat.
The total liabilities of the bank increased from 533.31 million to 634.74 million manat. Deposit portfolio increased by 22.6% to 512.97 million manat, including term client investments increased by 10.3% to 358.93 million manat.
The balance capital reached 196.74 million manat. The aggregate capital increased by 7.7% higher than the 186.62 million manat, and paid charter capital - by 20.4% to 169.1 million manat. - 15B -
Economics
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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