Through the funds raised by the Central Bank of Republic of Azerbaijan (CBA), the obligations of Deka Bank by October 1 amounted to 115 million 710.58 thousand manat (an increase of 3.5 times from the beginning of the year). Approximately so grew the credit portfolio - 171 million 642 thousand manat.
Its assets also grew by 2.8 times, while stopping at the level of 181 million 534.32 thousand manat. On deposit accounts accumulated 7 million 176.18 thousand manat (+ 29.1%), most of which (5 million. 714.3 thousand) are deposits.
Equity capital in the first three quarters was at the level of 65 million. 823.7 thousand manat, increasing by 2.36 times, 2.2 times since the beginning of the year and increased the authorized capital - up to 52 million 767 thousand manat. It meets the requirements of the CBA, and even exceeds them.
During the reporting period, the bank worked with a profit (6 million 894.78 thousand manat).
Private JSC Deka Bank was founded in 1989. The founders are 9 individuals. Chairman of the Supervisory Board is Suraya Agayeva, Chairman of the Board is Niyazi Veliyev. --17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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