JSC Parabank in the first three quarters of 2013 had a net profit after tax of 1.61 million manat, which is 70.2 % more than the same period in 2012. The bank's earnings were equal to 15.49 million manat , expenses - 13.69 million manat, increasing by 7.6 % and 1.5 %.
Assets increased in January -September up 9.3 % to 119.77 million manat. The volume of loans increased 14.6 % to 87.14 million manat.
The total liabilities of the bank increased from 90.11 million to 98.75 million manat. The deposit portfolio increased by 8 % to $ 68.69 million manat, including term client investments increased by 6.9 % to 63.74 million manat.
The balance capital grew by 7.9 % to 21.02 million manat, and the total capital - by 9.5 % higher than the 18.45 million manat. Paid charter capital remained unchanged totaled 11.57 million manat. - 15B -
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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