Assets of Credo Bank increased in January- September 2013, up 28.1 %, reaching 127.84 million manat. The volume of issued and corporations loans increased by 22.7 % and amounted to 88.23 million manat.
Total liabilities of the bank increased from 63.73 million to 68.15 million manat. The deposit portfolio increased by 3 % to 16.69 million manat, including term client investments increased by 8.7 % to 13.76 million manat.
The balance sheet assets reached 55.57 million manat. The total capital increased by 80.2 % higher than 53.73 million manat, and the paid charter capital - by 83.6 % to 50.54 million manat.
The bank's earnings were equal to 8.13 million manat, and the expenses were 7.61 million manats, an increase compared to the same period in 2012 respectively by 9.9 % and 13.2 %. The net profit after tax increased 13.3 % to 528,000 manat. - 15B -
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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