JSC Bank Standard on the results of operations for the first six months of 2013 was at a loss of 3.35 million manat. The bank's earnings were equal to 43.13 million manat and the expenditures were AZN 46.48 million, an increase compared to the same period last year by 30.6% and 14.3%.
The assets of the bank amounted to 902.42 million manat. The loan portfolio increased to 621.66 million manat, while the consumer loans decreased by 23.3% to 107.29 million manat.
The total liabilities of the bank increased from 742.12 million to 849.37 million manat. The deposit portfolio amounted to 606.55 million manat, of which 495.95 million manat was time deposits.
The balance capital decreased by 7.3% to 53.06 million manat, and the paid charter capital remained at the level of AZN 75 million. - 15B -
Economics
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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