Yapi Kredi Banki Capitalization Increased 23%
The assets of Yapi Kredi Banki fell in January-June of this year by 12.1% to 210.06 million manat. The lending to individuals and businesses increased 0.8% to 125.57 million manat.
The deposit portfolio as of July 1 of this year amounted to 89.09 million manat. Of this, 26.71 million manat accounted for urgent client investments.
The balance capital grew by 7.4% to 63.73 million manat, and the total capital grew by 5.8% to 60.54 million manat. The paid charter capital for the period increased 23% to 46.81 million manat.
The income and expenses of the bank were respectively 14.59 million and 11.03 million manat. The net profit after tax amounted to 3.03 million manat. - 15B -
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- Question-answer
- 23 August 2012 15:10
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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