BAKU/28.01.14/TURAN : The assets of Zaminbank increased in 2013 by 17.5 %, reaching 445.24 million manat. The volume of loans issued to individuals and legal entities grew by 11.3 % and amounted to 263.92 million manat.
The total liabilities of the bank increased from 333.9 million to 379.25 million manat. The deposit portfolio decreased by 5.9 % to AZN 95.59 mln , while the term client investments increased by 26.7% to 77.94 million manat.
The equity capital reached 65.99 million manat. The total capital increased by 18.5 % to 50.55 million manat and the paid charter capital - by 24.2 % to 46.18 million manat.
The bank's earnings equaled 37.76 million manat and its expenditures made up 37.54 million manat, decreasing in comparison with 2012 , respectively 3.4% and 1.2%. The net profit after tax decreased by 79 %, amounting to 221,000 manats. -15B -
Economics
-
Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
-
Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
-
Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
-
Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
Leave a review