At the end of 2015 Uni Bank suffered losses amounting to 22.3 million AZN. At the same time the operating profit for the year reached 85.5 million AZN.
According to the report (https://goo.gl/707pum), losses occurred as a result of provisions totaling 113.1 million AZN for possible losses on loans. As of January 1 of this year the volume of loans issued to customers was 654.7 million AZN. The volume of loans of Uni Bank decreased 20.5 million AZN in 2015. The volume of deposits for 2015 grew by 10.7% and reached 526 million AZN.
Recall that on the results of 2014 JSC Uni Bank had profits in the amount of 48.5 million AZN and paid tax on profit in the amount of 9.5 million AZN.
JSC Uni Bank was created in 2002 by the merger of Promtekhbank and M Bank. The Chairman of the Supervisory Board Eldar Garibov owns 56.9% of the shares, EBRD owns 12.1%, and the German Investment Corporation (DEG) owns 6. 68%. The bank has two subsidiaries (Uni Capital and Uni Leasing). ----08D
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review