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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Azerbaijan's foreign direct investment (FDI) portfolio for the first half of the year continued to be dominated by the oil and gas sector, which attracted 80.4% of the total FDI inflow of $3 billion, according to the Central Bank of Azerbaijan. This reflects a persistent trend of reliance on energy resources, as the country plays a critical role as a key energy producer in the region.
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A Baku seminar titled "Green Building Initiative in Azerbaijan," held on September 12, spotlighted the country’s increasing focus on sustainable construction. Organized by the State Committee for Urban Planning and Architecture, in collaboration with the International Finance Corporation (IFC), the event brought together key stakeholders from both the public and private sectors, reflecting a growing national commitment to environmentally conscious building practices.
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The Central Bank of Azerbaijan (CBA) today held a briefing on the financial results for the first half of 2024, shedding light on the country’s economic health and key indicators influencing its external balance. Samir Nasirov, Director of the CBA Statistics Department, outlined the current account surplus, foreign investments, and other critical metrics during the event.
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On September 11, 2024, Azerbaijan's Economic Council, chaired by Prime Minister Ali Asadov, convened to review the draft state and consolidated budgets for 2025-2028. The meeting, dedicated to key financial and economic issues, addressed global economic trends, macroeconomic forecasts for 2024-2028, and the country’s budget policy for the coming years.
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