The total assets of Parabank increased by 1 October at 10.8% - up to 127.146 million manat.
As stated in the report for the past three quarters, the loan portfolio was equal to 94.69 million manat (+ 7%), and liabilities - 105 856 000 manat (+ 6.6%). Shareholders' equity as of 1 October was 21,288,620 AZN (+ 37.6%) and the share capital was 15,491,580 manat (+ 33.9%).
The bank worked with a small profit - for the three quarters its net profit amounted to 440,780 manat.
Parabank has been operating since 1991. Its shareholders are 2 legal entities and 18 individuals. --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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