"Bank of Baku" gained AZN 20 million of net profit for 9 months
"Bank of Baku" released its financial figures for January-September 2024.
The bank gained AZN 20 million of net profit for 9 months, which is down by 17.6% from the same period of the last year.
As of the beginning of October, the "Bank of Baku" assets were up by 12.6% from the beginning of last October - AZN 919.5 million, including the net loan portfolio 19.1% higher - AZN 690.8 million.
At that, the bank’s liabilities amounted to AZN 769.8 million (13.4% more), including the deposit portfolio of AZN 571.3 million (26.5% more), the balance capital of AZN 149.7 million (8.6% more), the registered capital of AZN 52.9 million (unchanged).
Finance
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In January-October 2024, receipts on contributions to compulsory state social insurance in Azerbaijan totalled about AZN 4.7 billion. This was reported by the State Tax Service under the Ministry of Economy.
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The Baku Stock Exchange (BSE) has completed the auction on placement of interest-bearing, unsecured, undocumented, registered bonds of non-bank credit organisation ‘International’ with IRIN code az2020021021 / az2018021025 ISIN in the amount of AZN 500,000 with a 24-month circulation term. This is reported by the BSE.
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From January to October 2024, the total turnover of the 12 investment member companies of the Baku Stock Exchange (BSE) amounted to about AZN 77.7 billion. This is reported by the BSE.
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Turkish anonymous company 'BMS Group Sigorta ve Reasürans Brokerliği' has been included in the register of foreign insurers, reinsurers and insurance brokers of the Central Bank of Azerbaijan.
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