The assets of Pasha Bank in the third quarter of 2016 to the beginning of the year increased by 30.2% (64 million 638.919 thousand manat), amounting to 2 billion 782 million 552.880 thousand manat.
According to Turan, during the reporting period, the bank's liabilities amounted to 2 billion 413 million 947.21 thousand manat (an increase of 35.9% - 637 million 821.67 thousand manat).
The growth of the bank's capital amounted to 2.37% for the period (856.751 thousand manat), reaching 368 million 605.66 thousand manat.
In the third quarter Pasha Bank’s profit was 12 million 654 thousand manat.
The volume of overdue loans is equal to 89 million 992 thousand manat. Overdue loans accounted for 11.12% of the total loan portfolio. In the second quarter of 2016, overdue loans amounted to 97 million 350 thousand manat.
The debt of Pasha Bank to the Central Bank is 23 million manat. -----71D
Economics
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A high-level event titled “Trio of COP Presidencies Dialogue: Roadmap for Mission 1.5 towards a Future of Shared Prosperity” was held within the framework of the 29th session of the United Nations Climate Change Conference (COP29).
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The State Oil Company of the Azerbaijan Republic (SOCAR) and Slovakia's largest gas operator, Slovenský Plynárenský Priemysel (SPP), have signed a short-term pilot contract for the supply of natural gas, according to sources in Slovakia.
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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