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 is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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