The assets of JSC «Kredobank» by 1 January amounted to 169 million 322.35 thousand manat (+ 23.2% a year.) There are little funds on deposit accounts – 34 million on 786 thousand manats (+ 12.1%), of which household deposits account for 19 million 64 thousand manat (+ 46%).
According to the bank, the loan portfolio by the end of the reporting period amounted to 110 million 957,000 manat (+ 5.8%) for commitments of 117 million 410 thousandmManat (+ 42.8%).The bank's capital on 1 January totaled 51,911,880manat (minus 6.1%) at constant authorized capital -50.54 million manat.The Bank worked in the past year with a loss of 2,855,470manat. The JSC «Kredobank» has been operating since February 1994. The shareholders are seven legal entities with a specific weight of 30% of shares and seven individuals (70%). --17D-
Economics
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The Armenian government reviewed a draft bill on Thursday, January 9, following a petition that garnered 52,000 signatures—surpassing the required threshold of 50,000. The proposed legislation, which has now been forwarded to parliament, has ignited discussions about Armenia’s potential shift toward European integration.
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The State Oil Company of Azerbaijan Republic's shipping division, Azerbaijan Caspian Shipping Company (ASCO), has integrated a new Aframax tanker into its fleet, as part of its ongoing fleet expansion strategy, the company announced on Monday.
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The State Oil Company of Azerbaijan (SOCAR) is among the participants in an international tender for the purchase of shares in Lukoil Neftochim Burgas JSC. The main asset of the company is the sole large refinery in Burgas, Bulgaria, according to Turan.
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In 2024, Azerbaijan witnessed significant growth among rapidly expanding enterprises, particularly in the booming non-oil sector. As the government prioritizes economic diversification, companies in industries such as mining, logistics, agriculture, and manufacturing have emerged as key drivers of economic progress.
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