In the first half of 2015 the net profit of OJSC Capital Bank was 44.6 million manat, of which 23 million manat was earned in the second quarter.
In the second quarter the bank's assets decreased by 1.9% (32.1 million manat) to $ 1 billion 695.1 million manat, the bank's financial report for January-June this year said. The bank does not comment on statistics of income and expenditure.
As of July 1, the loan portfolio of Capital Bank was 1 billion 50.8 million manat, having increased for three months only by 9.9 million manat. The bank reserved 46.7 million manat for possible losses on these loans. The deposits attracted from the population and legal entities deposits were 750 million manat.
The authorized capital of Capital Bank is 185 million manat and the total capital is 247.4 million manat. The bank has a positive ratio of total capital to assets: with the requirement of 12%, the figure is 19.6%.
It has totally produced 15 million shares, of which 99.87% are owned by LLC Pasha Holding and the remaining 0.13% are owned by about 170 individuals and legal entities. -----08D
Economics
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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