BAKU/30.01.14/TURAN : The assets of Turanbank increased in 2013 by 13.3 %, reaching 250.98 million manat. The volume of loans issued to individuals and legal entities grew by 12% and amounted to 180.07 million manat.
The total liabilities of the bank increased from 184.27 million to 196.69 million manat. The deposit portfolio increased by 2.9 %, amounting to 93.04 million manat, including term client investments increased by 23.3 % to 61.34 million manat.
The equity capital reached 54.28 million manat. The total capital increased by 82.3 % to 50.49 million manat and paid charter capital - 46.7 % to 44 million manat.
The bank's earnings equaled 27.65 million manat and expenditures - 23.45 million manat, an increase compared with 2012 , respectively 19.7% and 17.6 %. The net profit after tax increased by 35.5 %, amounting to 4.19 million manat. - 15B -
Economics
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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