The assets of the local Rabitabank for the year rose to 305 million 54 thousand manat (+ 20.8% from 1 January 2013).
The bank's loan portfolio at the beginning of this year amounted to 219 million 781 thousand manat (+ 36.5%), with deposits on the level of 152 million 295 thousand manat (+ 37.98%).
Liabilities of the bank are equal to 241 million 575 thousand manat (+ 20.9%). The shareholders' equity as of 1 January was 58 million 479 thousand manat with charter capital of 48.5 million manat (+ 6.6%).
Net profit of Rabitabank at the end of last year amounted to 3 million 139 thousand manat.
JSC Rabitabank established in 1993. The shareholders are 20 legal entities and individuals. --17D-
Economics
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Azerbaijan is set to host its Trade Forum on October 1, supported by “Pasha Holding” and jointly organized by the Small and Medium Business Development Agency (SME), Azerbaijan Customs representation, and the Logistics Companies Association.
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The inaugural Investment Forum on energy transition in Central Asia is set to take place on November 15-16 in Baku, Azerbaijan, organized by the International Renewable Energy Agency (IRENA) and Azerbaijan’s Ministry of Energy as part of the COP29 conference.
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At the advisory meeting of railway administrations held in Baku on September 19-20, Rovshan Rustamov, Chairman of Azerbaijan Railways CJSC (ADY), met with Ufuk Yalçın, General Director and Chairman of the Board of the Turkish State Railways Company "TCDD Taşımacılık." The meeting marked the second time this year that officials have discussed expanding railway transport cooperation between Azerbaijan and Turkey.
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The Center for Analysis of Economic Reforms and Communication (CAERC) has completed its monitoring and evaluation of the first half of the year in relation to the "I State Program on the Great Return to the Liberated Territories of the Republic of Azerbaijan." This state program focuses on restoring infrastructure and resettling displaced populations in areas that were reclaimed during the 2020 Nagorno-Karabakh conflict.
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