According to the quarterly report of OJSC Azer Turk Bank, by April 1, its assets amounted to 1 billion 233.745 million manat (on 1 April of last year it was 382 million 443 thousand manat).
The loan portfolio was at the level of 417 million 411 thousand manat (it was 268 million 677 thousand). The deposits were at the level of 359 million 852 thousand manat (268 million 733 thousand).
The bank fulfilled the quarter with a profit of 7 million 889 thousand manat (1 million 214 thousand). The total capital grew from 55.73 million AZN to 60.72 million AZN.
OJSC Azer Turk Bank has operated under the CBA license from June 29, 1995. The main shareholder is the State Committee for Property Affairs (75%), while the remaining shares are distributed among the insurers Qala Hayat (6%) and AzRe (6.6%), as well as Turkish Ziraat bank (12.4%). --17D-
Economics
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The process of securing financing for the construction of the Bilasuvar solar power plant with a capacity of 445 MW and the Neftchala solar power plant with a capacity of 315 MW has been successfully completed.
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The European Commission views Azerbaijan's increasing gas supplies to Europe as a highly beneficial alternative source for ensuring the EU's energy security, said European Union Energy Commissioner Kadri Simson in an exclusive interview with Turan during her visit to COP29 in Baku.
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The State Oil Company of Azerbaijan (SOCAR), which joined the global Oil and Gas Methane Partnership 2.0 (OGMP 2.0) earlier this year, hosted a forum on November 15 within the "Green Zone" of COP29. The event, titled "OGMP 2.0 Leadership Forum," brought together key stakeholders to discuss progress and prospects for methane emissions reduction in the oil and gas industry.
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Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), highlighted the urgency of climate financing discussions ahead of his visit to the G20 summit in Rio de Janeiro from November 17-20. Stiell, speaking before departing from Baku where the 29th session of the UNFCCC is currently underway, underscored the pivotal nature of the negotiations taking place.
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