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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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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