The assets of PashaBank decreased in 2013 by 3.7 % to 704.99 million manat. Loan portfolio amounted to 308.49 million manat.
The total liabilities of the bank decreased from 560.67 million to 467.75 million manat. Deposit portfolio decreased by 42.9 %, amounting to 238.14 million manat, including term client investments decreased by 41.7 % to 89.71 million manat.
Equity capital amounted to 237.24 million manat. Aggregate capital increased by 30.1 % higher than the 215.19 million manat and paid charter capital - by 45.2 % to 228 million manat.
The bank's earnings equaled 64.82 million manat and expenditures - 49.83 million manat, an increase compared with 2012, respectively 9.6% and 5%. Net profit after tax increased 27.4 % to 14.991 million manat. - 15B -
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review