Assets of Rabitabank increased in January -June of 2013 by 37.8 %, reaching 215.85 million manat. The volume of issued and corporations loans increased by 27.1 % and amounted to 134.01 million manat.
The total liabilities of the bank increased from 122.75 million to 170.66 million manat. Urgent client investments increased 42.2 % to 100.8 million manat.
Balance sheet assets reached 45.19 million manat. The total capital increased by 30 % higher than the 43.94 million manat, and paid charter capital - by 33.3 % to 40 million manat.
Revenues and expenses of the bank equaled 12.17 million, respectively, and 11.44 million manat. Net profit after tax amounted to 735 thousand manats. - 15B -
Economics
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In July 2024, the State Oil Fund of the Republic of Azerbaijan (SOFAR) reported a sharp increase in currency sales, reaching $826.3 million. This figure is three times higher than the $272.7 million recorded in July 2023 and twice the amount for June 2024.
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The State Statistics Committee has reported a decline in Azerbaijan's grain production for the first half of 2024, with output totaling 1.96 million tons of grain and legumes, including corn. This represents a 5.6% decrease compared to the same period last year.
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Azerbaijan's President Ilham Aliyev has issued a decree making significant amendments to existing presidential decrees to align with the new law on payment services and payment systems, effective from July 14, 2023.
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Azerbaijani President Ilham Aliyev has approved new regulations governing tourism and recreation zones as part of a broader effort to enhance the sector's infrastructure and investment framework.
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