Assets of Ata Bank during the year increased to 580 million 316 thousand manat (+ 54.8%).
According to the report of the financial structure, above all expanded its loan portfolio (+ 94%), amounting to 444 million 964 thousand manat by January 1, while the deposits were 446 million 964 thousand manat, including deposits of population at 189 million 262 thousand manat.
The aggregate liabilities, including short-term ones, comprise 517,620,000 manat (+ 58.4%).
The equity capital as of 1 January was 62 million 696.2 thousand manat (+ 30.3%) and the share capital was 50 million manat (+ 33.3%).
The net profit for the year was 7 million 647 thousand manat.
Ata Bank OJSC was founded in 1994 and is part of the investment Ata Holding. --17D-
Economics
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The EBITDA (earnings before interest, taxes, depreciation, and amortization) of the State Oil Company of Azerbaijan (SOCAR) has been declining in recent years, as reflected in reports by international rating agencies and the company’s own financial statements. SOCAR’s financial report for 2024 is expected in the summer of 2025, but preliminary data from Fitch Ratings indicates a further decline in the figure.
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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