JSC Accessbank in the first three quarters of 2013 received net profit after tax of 25.85 million manat, which is 92 % more than in the same period in 2012. The bank's earnings were equal to 99.73 million manat and its expenses were 71.72 million manat, increasing respectively by 35 % and 22.3 %.
The assets increased in January -September, up 34.5 % to 707.28 million manat. The volume of loans increased by 37.2 % and amounted to 562.07 million manat.
The total liabilities of the bank increased from 416.73 million to 575.7 million manat. The deposit portfolio increased by 37 %, amounting to 184.47 million manat, including term client investments increased by 39.4 % to 128.1 million manat.
The balance capital grew by 20.5 %, reaching 131.58 million manat, and the total capital grew by 15.8% higher than 118.16 million manat. The paid charter capital remained unchanged at 85 million manat. - 15B -
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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