Azerbaijan's investment sector earns net profit worth AZN 4 million in first six months
Azerbaijan's investment sector earns net profit worth AZN 4 million in first six months
In the first half of 2024 Azerbaijan's investment companies earned a net profit of AZN 4.4 million. This is stated in the semi-annual report on financial stability published by the Central Bank of Azerbaijan.
According to the document, this is down by AZN 0.8 million, or about 15.4% from the same period of 2023.
‘The main factor contributing to the drop in net profit for investment companies was the growing administrative expenses of some companies,’ the report says.
Finance
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In the first half of 2024, insurance and reinsurance companies of Azerbaijan gained AZN 98 million of net profit. This is stated in the semi-annual report on financial stability published by the Central Bank of Azerbaijan.
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'Embafinans', a non-bank credit institution, has released financial indices for the first half of 2024.
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Murad Suleymanov, member of the board of directors and chief financial administrator of 'Pashabank', told about the bank's future plans.
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The Central Bank of Azerbaijan has released a report on financial stability at the end of the first half of 2024.
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