JSC Turanbank in the first seven months of 2012 had a net profit before tax of 2.1 million manat, which is 12.5% ??less than the figure recorded a year earlier. The earnings were equal to 12.7 million manat and the expenditures were 10.6 million manat, increasing by 18.7% and 27.7%.
The assets increased in January-July by 9.3% to 189.5 million manat. The volume of issued and corporate loans grew by 21.9% and amounted to 148.2 million manat.
The deposit portfolio increased by 11.6% to 82.3 million manat, of which 51.5 million manat fell on urgent investments of the population.
The aggregate capital increased by 2.7% to 26.7 million manat, and the paid charter capital grew by 8.2% to 23.8 million manat. - 15B -
Economics
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The Cabinet of Ministers of Azerbaijan has approved a new Unified Tariff Schedule to determine the monthly salaries of public sector employees financed through the state budget. This decision, outlined in Decree No. 540, comes into effect on December 26, 2024, and is aimed at standardizing wages in the public sector.
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On December 27, Azerbaijani President Ilham Aliyev has signed a decree to dissolve the Azerbaijan Industrial Corporation (ASK) and transfer its key assets to the Azerbaijan Investment Holding (AIH), marking a significant step in streamlining the management of state-owned enterprises. The decision, effective immediately, aims to address regulatory issues and enhance operational efficiency.
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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