Investment company "Azfinance" suffered losses worth 0.35 million manats in 6 months
The investment company "Azfinance" has released financial indices for the first half of 2024.
In January-June, the financial structure suffered losses in the amount of 0.35 million manats. This is down by 2.7 times from the same period of the last year.
As of the beginning of July this year, "Azfinance"s assets amounted to 16.9% more than at the beginning of July last year – 6.9 million manats. The investment company's liabilities amounted to 3.2 million manats (10.9% less), the balance sheet capital - 3.7 million manats (59.4% more), including the authorized capital -1.55 million manats (unchanged).
Finance
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The Central Bank of Azerbaijan (CBA) has approved the ‘Concept of Policy on Risk-Based Control’. This is reported on the website of the structure.
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If 2 years ago a share of local revenues in the budget of the Nakhchivan Autonomous Republic was 20-25%, by this year's end a share of local revenues will exceed 50%.
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The Central Bank of Azerbaijan (CBA) has given binding instructions to 'Azsığorta', 'Atəşgah Insurance', 'İpək Yolu Insurance', 'Xalq Həyat Insurance', 'Aqrar Insurance' and 'AzRe Təkrarsığorta'. This is reported on the CBA website.
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The NBCO 'Para will hold a regular general meeting of shareholders on 4 February at 11:00.
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