Assets of Rabitabank increased in January-September 2012, by 13%, reaching 148.16 million manat. The volume of issued and corporations loans grew by 15% to 103.59 million manat.
The total liabilities of the bank increased from 114.02 million to 122.09 million manat. The deposit portfolio increased 9.1% to 83.88 million manat, including term client investments that increased by 2.3% to 63.32 million manat.
The balance capital reached 26.06 million manat. The aggregate capital increased 46.7% to 24.47 million manat, and the paid charter capital grew by 60.7% to 21.61 million manat.
The income and expenses of the bank were respectively 13.49 million and 12.55 million manat. The net profit after tax amounted to 527 thousand manat. - 15B -
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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