"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
-
Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
-
The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
-
In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
-
In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
Leave a review