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 Azerbaijani government has adopted new guidelines to facilitate employment for individuals with special social protection needs and those facing difficulties in securing jobs. The resolution, approved on December 29 by the Cabinet of Ministers, outlines targeted programs aimed at job creation through public-private collaboration.
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The Cabinet of Ministers of Azerbaijan has approved new regulations to facilitate targeted employment programs aimed at supporting individuals with special social protection needs and those facing employment challenges. The measures, under the State Employment Agency, seek to enhance job creation in priority economic sectors.
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The Cabinet of Ministers of Azerbaijan has announced key amendments to various regulatory acts to ensure compliance with the law adopted on May 24, 2024, aimed at updating the Tax Code, the Customs Code, and laws on state duties and licensing.
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The Azerbaijani Cabinet has implemented significant changes to energy regulations in line with new laws aimed at enhancing the country’s electrical infrastructure. A decree signed by Prime Minister Ali Asadov on December 29 introduces amendments to several prior governmental decisions and cancels previous regulations, including a key rule on electricity production and equipment operation limits.
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