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Baku/25.04.22/Turan: The Central Bank of Azerbaijan published a survey of credit unions for the first quarter of 2022. The document says that credit unions of Azerbaijan lost AZN 0.4 million during the quarter. It is down by about 33% from the same period of the last year.
In the reporting period the credit unions received AZN 0.5 million of interest income, AZN 0.3 million of non-interest income, incurred small interest expenses, AZN 0.3 million of non-interest expenses, created special reserves on overdue loans for AZN 0.8 million and paid AZN 0.1 million of profit tax.
The financial indices of microfinance organizations are published once a quarter. -0-
Politics
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John Podesta, Senior Advisor to the U.S. President on International Climate Policy and head of the U.S. delegation, called on nations to increase their financial contributions to combat climate change at the COP29 plenary session in Baku on Wednesday.
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Azerbaijani President Ilham Aliyev, Kazakh President Kassym-Jomart Tokayev, and Uzbek President Shavkat Mirziyoyev held a trilateral meeting on Wednesday, culminating in the signing of a landmark agreement on the strategic partnership for the development and transmission of green energy between their respective governments.
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Ilham Aliyev devoted his speech at the COP29 climate conference on 13 November to the analysis of the colonial policy of France and Holland.
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Heads of state and government continue to arrive in Baku to participate in the COP29 climate conference.
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