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
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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