By the end of last year Rabitabank had 20 million 61 thousand AZN in cash. As stated in the annual report
(http://www.rabitabank.com/az/Investor_contacts/useruploads/files/Rabitabank%20IFRS%20Audit%20Report%20and%20Financial%20statements%20as%20of%2031122014.pdf), the local financial structure’s loan portfolio to the beginning of this year amounted to 218.03 million manats, of which 110 million was invested in real estate. Thus on loans to individuals, including businessmen, it had 187.52 million manats (49 million per year). In trade there was invested 30,190,000, in transport and communications - 17,020,000, in agriculture - 6.7 million, in production - 6.67 million manats.
JSC Rabitabank was founded in 1993. Service network of the bank consists of 22 branches and 2 offices covering Baku and 16 regions of the country. Its shareholders are 19 legal entities and individuals. --17D-
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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