As of March 1, 2013 assets of TuranBank totaled 218.8 million manat, increasing by 28.2% compared to the same period of 2012. At balance sheet date the loan portfolio amounted to 163.6 million manat, which is 1.3% more than at the beginning of 2013 and by 29.2% than in the same period in 2012.
In January-February 2013, the portfolio of deposits increased by 3.8%, while compared to the same period in 2012 by 20.5%. In the structure of the deposit portfolio of term deposits amounted to 58.2 million manat, increasing by 8.6%.
Aggregate capital of TuranBank in comparison with the beginning of the year increased 2.8% to 34.8 million manat. The authorized capital from the beginning of the year increased 36.4% reaching the level of 30 million manat.
By results of January-February 2013, the revenues and expenses of the bank were respectively 4 million and 3.1 million manat. Balance sheet profit for the period was 0.93 million manat. - 15D -
Economics
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Azerbaijan's potato sector, a cornerstone of the nation's food supply and its second most significant agricultural product, is in sharp decline. Production dropped by 7.6% year-on-year from January to October 2024, reflecting a long-term downward trend, according to the State Statistics Committee.
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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