Assets of DekaBank fell in January 2013 by 3.5% to 57.18 million manat. The volume of issued and corporate loans grew by 0.3% and amounted to 51.42 million manat.
The total liabilities of the bank decreased from 41.74 million to 37.84 million manat. Deposit portfolio decreased by 20.1% to 15.1 million manats, including term deposits - by 14.6% to 13.44 million manat.
Balance capital grew by 10.3%, reaching 19.33 million manat, and the total capital - 11.3% to 15.74 million manat. Paid authorized capital remained at 13.42 million manat.
Bank's earnings were equal to 1.93 million manat, and costs - 0.32 million manat. Net profit after tax amounted to 1.62 million manat, which is 8 times more than the same period last year. - 15B -
Economics
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Azerbaijan's gas exports to the EU via the Southern Gas Corridor (SGC) have sharply decreased since January 7, due to technical issues at a strategic facility in Azerbaijan, according to Turan, citing multiple sources.
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During a press conference in Baku on Friday, Deputy Minister of Digital Development and Transport of Azerbaijan, Rahman Hummatov, highlighted the country's significant achievements and future plans in transport infrastructure.
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Economist Gubad Ibadoglu provides a sobering analysis of Azerbaijan’s economic prospects as 2025 begins, highlighting a landscape marked by declining oil prices, rising inflation, and expectations of manat devaluation. These pressures, he notes, are poised to undermine real GDP growth, weaken investment, and exacerbate unemployment and poverty rates.
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Azerbaijan's Ministry of Emergency Situations has announced amendments to several regulatory documents in compliance with the country's updated administrative procedure law. The decision, signed by Minister Kamaladdin Heydarov, aims to streamline operations and enhance alignment with the nation's e-Government framework.
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