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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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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