Joint JSC AzerTurk Bank posted a report (http://azerturkbank.az/wp-content/uploads/2015/05/Balans-hesabat%C4%B1-01.04.15.pdf) on the balance of payments as of 1 April this year.
Thus, the total loan portfolio (including consumer loans) of this financial structure has grown to the beginning of the year by 29% to 268 million 677.43 thousand manat. Total assets including the capital rose by 30% to 382 million 443.78 thousand AZN. The liabilities including long-term ones were 325 million 930.39 thousand manat.
The shareholders' equity at the end of the first quarter was equal to 56 million 513.39 thousand manat (+ 3.6% YTD), while the charter capital did not change and was 50 million AZN.
Placed on deposit accounts was 76 million 383.98 thousand manat (+ 54.7%). On the correspondent account in the Central Bank there was 35,910,000 AZN and on the accounts in other banks there was 18.45 million manat.
JSC AzerTurk Bank was established in May 1995. Its shareholders are the State Committee for Property Affairs (75%), ZiraatBank from Turkey (12.37%), the reinsurance company AzRe Tekrarsigorta (6.55%), the local life insurance company Qala Hayat Sigorta (5%) and Ziraat Bank International (1.08%). --17D-
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review