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
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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The State Oil Fund of the Republic of Azerbaijan (SOFAZ) reported a significant increase in its assets, reaching $58,000.6 million as of June 30, 2024.
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