Assets of "Pasha Bank" increased in January and February of this year at 13.62 million or 1.8% reaching 755.76 million manat. The volume of loans increased 13.02 million or 4.6% reaching 293.91 million manat.
Deposit portfolio for the period increased by 15.15 million or 3.3% higher than the 471.9 million manat. Of these, 174.03 million manat fell to urgent client investments.
The aggregate capital was 161.12 million manat, and the paid authorized capital - 157 mln.
Income and expenses of the bank were respectively were 10.23 million and 6.34 million manat. Net income amounted to 3.89 million manat.
The total number of issued bank active cards grew for two months in 2013 by 559 units or 9.7% to 6,336 units. As of March 1, the bank had 15 ATMs. - 15B -
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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