Assets of JSC Bank of Baku by 1 October amounted to 706,730,000 manat (+6.2% YTD).
According to the financial structure, the bank's loan portfolio at the end of three quarters amounted to 637,590,000 manat (11.7%), including loans to individuals – 609 160 000 manat (+ 11.1%). Liabilities of the bank, including long-term, were equal to 571,120,000 manat (+ 8.1%). Deposits in the bank at the end of the reporting period were 402,120,000 manat (2.3%).
The bank's equity by October 1 was equal to 135,611,280 manat at the authorized capital of 52,870,000 manat. Net profit was 13,07 million AZN.
The Bank of Baku was established in 1994. The shareholders are legal 3 companies and 2 individuals .-- 17D-
Economics
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In a strategic move to bolster mechanisms against financial crimes and terrorism financing, Azerbaijan's Deputy Prime Minister, Samir Sharifov, has been appointed as the head of the newly restructured Coordinating Council on Counter-Terrorism Financing and Other Financial Crimes.
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The Chairman of Azerbaijan Railways CJSC, Rovshan Rustamov, and the head of Iranian Railways, Jabbar Ali Zakeri Sardrudi, convened in Tehran during the Joint Azerbaijani–Iranian Intergovernmental Commission meeting to bolster cooperation on the Astara terminals, key nodes in the International North-South Transport Corridor (INSTC). The talks centered on enhancing the operational efficiency and strategic significance of these terminals to facilitate growing cargo volumes between the two nations.
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Azerbaijan is accelerating its transition to green energy through the coordinated efforts of its "Green Energy Zone" task force, which recently held its latest hybrid meeting to review progress and outline future priorities. The Ministry of Energy, reporting on Wednesday’s session, emphasized the task force's central role in implementing the 2022–2026 Socio-Economic Development Strategy, a cornerstone of Azerbaijan’s ambitions for sustainable growth.
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AzerGold, Azerbaijan’s state-owned mining company, is pursuing opportunities for strategic collaboration with Turkish firms in Africa as part of its efforts to expand its presence in the global mining sector. Recent talks between Zakir Ibrahimov, Chairman of the Board of AzerGold CJSC, and Şebnem Cenk, Head of the West and Central Africa Department at Turkey's Ministry of Foreign Affairs, highlighted the potential for a mutually beneficial partnership.
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