The assets of Mugan Bank increased during the first six months of 2013 by 7.3 %, amounting to 313.24 million manat. Loans to customers increased by 9.5 % to 222.22 million manat. The volume of non-performing loans increased to 9.65 million manat and their share in total loan portfolio reached 4.3 %. Consumer loans decreased 2.3 % to 46.41 million manat.
The total liabilities of the bank increased to 260.07 million manat. Deposit portfolio decreased by 4.8%, amounting to 110.61 million manat , while time deposits increased by 4.9 % to 81.77 million manat.
Balance sheet assets reached 53.17 million manat. The total capital grew by 10.4 % higher than the 49.8 million manat, and paid charter capital - by 10.1 % to 41.31 million manat.
Revenues and expenses of the bank equaled 21.15 million and respectively 17.31 million manat. Net profit amounted to 3.84 million manat. - 15B -
Economics
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On September 6, the State Oil Company of Azerbaijan (SOCAR) has announced a partnership with American oilfield services firm Halliburton to conduct research aimed at reassessing the hydrocarbon potential of the shallow-water section of the Guneşli field.
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The Food Safety Agency of the Republic of Azerbaijan (AQTA) is advancing its process of incorporating foreign high-risk food and feed production facilities into its official registry, the agency announced on Friday.
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Azerbaijan’s "Green Energy Zone" Working Group held its latest hybrid meeting to review the implementation of projects within the framework of the country's Social and Economic Development Strategy for 2022–2026, the Ministry of Energy reported on Wednesday.
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The historic city of Shusha, with its rich cultural heritage, hosted the International Day of Gastronomy on Thursday, a vibrant event organized by the State Tourism Agency, the Shusha City State Reserve, and the National Culinary Center. This event served as a bridge between various cultures and culinary traditions, showcasing the richness of the Islamic world's cuisine through the celebration of the iftar table.
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