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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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