BAKU/23.12.13/TURAN : Assets of Xalq Bank increased in January-November 2013 by 50 % to reach 1,282.42 million manat. The volume issued to individuals and legal entities grew by 51.2 % and amounted to 992.79 million manat.
The total liabilities of the bank increased from 652.84 million to 1,064.16 million manat. The deposit portfolio increased by 63 %, amounting to 853.62 million manat, including term client investments increased by 49.1 % to 543.81 million manat.
The equity capital amounted to 218.26 million manat. The aggregate capital increased by 7.8 % higher than 206.34 million manat and the paid charter capital - by 8.6 % to 183.69 million manat.
The bank's earnings equaled 70.02 million manat and its expenditures were 58.64 million manat. The net profit after tax amounted to 11.38 million manat. - 15B -
Economics
-
Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
-
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.
Leave a review