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
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
-
Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
-
In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
Leave a review