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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The weaknesses of strategic planning in the Azerbaijani land transport sector were revealed during a briefing on improving legislation, which was attended by representatives of the Azerbaijan Land Transport Agency (AYNA) and the Ministry of Digital Development and Transport.
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The Cabinet of Ministers of the Republic of Azerbaijan has made changes to the existing provisions regarding the approval of construction documentation and the service fees for construction. The amendments are guided by Article 119 of the Constitution of Azerbaijan and are aimed at simplifying processes related to construction permits and operations.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new procedure for the recruitment of medical personnel to medical institutions included in the state healthcare system. The decision, which comes into force on January 1, 2025, aims to enhance the implementation of compulsory health insurance in the country.
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The Organization of Turkic States (OTS) convened a pivotal meeting in Guba, recently named the agricultural capital, to introduce the "OTS Made" brand for agricultural products. Representatives from the Ministries of Agriculture of Azerbaijan, Turkey, Uzbekistan, Kazakhstan, and the Turkish Republic of Northern Cyprus, along with experts from relevant departments, participated in the event.
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