The International Bank of Azerbaijan (IBA) increased its assets in 2012, up 17.5%, to 5891.361 mln. The volume of issued and corporations loans increased by 22.2% to 3856.236 million manats.
The total liabilities of the bank increased from 4308.479 to 5345.441 million manats. Deposit portfolio increased by 9.8% to 2406.347 million manats, including term client investments increased by 32.7% to 1,509.457 mln.
Balance capital decreased by 22.6% to 545.920 million manat. Aggregate capital increased by 40.4% over 720 million ($ 917 million), and paid charter capital - by 37.8% to 330.834 million manat.
The bank's earnings were equal to 377.778 million manat, and its expenses were 334.384 million manat, increasing compared to 2011, respectively by 12.1% and 6.9%. Net profit after tax increased 80.1% to 43.394 million manat. - 15B -
Economics
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review