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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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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