The net profit of Unibank in the first quarter of this year amounted to 4 million 242 thousand manat.
The assets of this wealthy local financial institution by April 1 rose to 961.2 million manat (+ 13.9% YTD). The bank's loan portfolio was at 783,400,000 manat (+ 10.1%).
The deposits rose to 525 570 000 manat (+ 10.6%), of which the majority is the population's deposits - 476 620 000 manat (+ 11.5%). The liabilities also increased - up to 825,120,000 manat (+ 15.7%).
The authorized capital of the bank was at last year's level - 70 million 565.23 thousand manat and the equity - 136 million 80 thousand manat (+3.7%).
JSC Unibank was created in October 2002. Nearly two-thirds of the share capital (66.21%) belongs to individuals, the rest – to legal entities, including foreign capital (12.15% - EBRD and 6.68% - German DEG). --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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