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
-
Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
-
As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
-
Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
-
Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
Leave a review