Xalg Bank sees 40% rise in profit
Bank says the deposit portfolio rose by 7.8% to AZN 283.993 mln, population’s deposit climbed 17% to AZN 208.075 mln, loan portfolio soared 15% to AZN 395.857 mln, consumer lending surged 18% to AZN 13.093 mln.
Total capital 33.2% increased to AZN 86.160 mln, authorized capital gained 36% to AZN 72.828 mln.
Revenue ended up 44.3% to AZN 27.951 mln, expenditure raised 47% to AZN 17.645 mln. Half-year profit rose by 40% to AZN 10.307 mln.
Staffs 35% increased to 373, average monthly salary climbed 8% to AZN 1 048.
Owned by several legal entities Xalg Bank has been in operation since 2004. The bank operates 11 branches, 30 ATMs and 44 POS-terminals across the country.
Finance
Ministry: Azerbaijan's budgeting model could become an international brand like ASAN Service in the future
Taxpayers in Azerbaijan given opportunity to eliminate violations without fines - Acting Head
Artificial intelligence to be used for early detection of tax risks in Azerbaijan
Tax declarations to be submitted via mobile application in Azerbaijan
NEWS FEED
Media: US prepares new proposals to resolve Ukraine war
Gold trades around $4,000 on commodity markets
Natural gas prices decline on NYMEX commodity exchange
WTI oil price exceeds $100
China earthquake kills 16, injures 46
Trump says Ukraine conflict could end soon
US prepares to lift some restrictions on Venezuela
Trump yet to decide whether to endorse Vance for 2028 presidential election
CSTO chief: Armenia has effectively left the organisation
Five European leaders considered for talks with Russia on Ukraine – Telegraph
Rubio: US imposes visa restrictions on some Colombian and Bolivian citizens
Trump refuses to confirm call to Musk on Kyiv Starlink access
US President invokes Cold War era Defense Production Act for oil production, refining
16 people died in the earthquake in Tibet
Finland provides new aid package to Ukraine, agreements worth EUR 300M signed
Curfew imposed in two districts of Paris until October 25
Trump asked Musk to lift Ukraine's Starlink limitations
Russia ready to resume trilateral talks on Ukraine — Putin
Putin: Russia is not preparing for any war with Europe
US says Iran oil exports halted for 100 days
Media and Broadcasting Council condemns disinformation about alleged mass arrests over hijab in Azerbaijan
Zelenskyy expects briefing from Witkoff on Friday
France's Macron tightens curbs on protests, blaming hard left for unrest
US, Denmark sign pact to strengthen maritime industry
Rubio: Conflict in Ukraine can only be resolved through negotiations
French justice minister reports 2,700 people detained following riots
Trump accuses Iran of driving up oil prices ahead of midterms
Dates announced for FIFA U-20 World Cup to be hosted by Azerbaijan and Uzbekistan
Chairman of Nakhchivan Agroservice OJSC arrested
Magnitude 7 earthquake strikes China
Canada, Türkiye announce strategic partnership to deepen energy, defence and trade ties
Vance pointed to Europe's dependence on the United States after the situation with access to Starlink
Political consultations between Azerbaijan and Norway held in Baku
US VP: Russia and Ukraine have agreed to sit at negotiating table
European parliament urges EU to designate Houthis as ‘terrorist’ group
Gas prices in Europe exceed $1,050 for first time since December 2022
Albanian lawmakers scuffle in parliament as protests continue - VIDEO
Azerbaijani authorities announce breakthrough in 25-year-old Baku murder case
First human case of livestock virus Shamonda unlikely to lead to wider spread, WHO says
Macron announces ban on 'illegitimate' protests in France following violent unrest
Leyla Aliyeva visits "The World Through a Child's Eyes" exhibition and Imam al-Bukhari Memorial Complex in Samarkand
Kaja Kallas: Russia's attacks on shipping in Black Sea threaten global food security
Houthis claim strike on Saudi Arabia's Defense Ministry
Kremlin refuses to disclose agreements reached during Putin-Witkoff meeting
Germany arrests Ukrainian man suspected of spying for Russia
Chinese company to explore opportunities to participate in Green Energy Corridor
Belarus’ Permanent Representative to UN shared some details about negotiation process with US
Lockheed, Pentagon strike initial deal to produce 850 F-35 jets
EU-Azerbaijan Partnership Priorities and new bilateral agreement discussed in Brussels
Indian Foreign Minister to visit Azerbaijan tomorrow