PASHA Bank lending expanded by a quarter
Assets of PASHA Bank made ??on 1 October this year, 683.223 million manat. The volume of loans increased by 69.38 million or 25% reaching at 350.268 million manat.
Deposit portfolio amounted to 304.415 million manat. Of these, 122.463 million manat fell to urgent client investments.
The total capital increased by 58.1 million or 33% reaching 236.181 million manat, and paid charter capital - 71 million or 45.2 % amounting to 228 million manat.
Revenues and expenses of the bank equaled respectively 49.346 and 41.159 million manats. Net income amounted to 8,187 million manat . - 15B -
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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