Connect with us

"Report" studio

Azerbaijan’s Mortgage and Credit Guarantee Fund nearly doubles profit

Avatar

Published

on

The Mortgage and Credit Guarantee Fund (MCGF) of Azerbaijan ended 2021 with 14.046 million manats ($8.262 million) in profit, up 94.3% from the previous year, Report informs, citing the Fund.

In the reporting period, the MCGF interest incomes increased by 35.6% to 56.252 million manats ($33.089 million), interest expenditures went up 34.7% to 28.550 million manats ($16.794 million), expected credit losses surged 14.9% to 5.479 million ($3.222 million), fee and commission income soared 67.7% to 1.451 million manats ($853,000), fee and commission expenses fell by 10.3% to 1.048 million manats ($616,000), other incomes climbed 9.2% to 1.058 million manats ($622,000). The Fund did not pay profit tax.

As of January 1, 2022, the assets grew by 13.2% to 2,012.197 million manats ($1.18 billion). Of this, 1,049.846 million manats ($617 million) were mortgage loans. In 2021, the loan portfolio extended by 23.9%.

Liabilities increased by 16% to 1,111.533 million manats ($653.8 million). Securities issued by the Fund jumped 15.2% to 1,080.760 million manats ($635 million), net worth rose by 9.8% to 900.664 million manats ($529 million), as well as authorized capital advanced 25.3% to 798 million manats ($469 million).

Subscribe to our Twitter page

Continue Reading

"Report" studio

CBA currency exchange rates (16.05.2022)

Avatar

Published

on

According to the official exchange rates of the Central Bank of Azerbaijan for today, the USD remained unchanged at AZN 1.7000, EUR increased by 0.05% to AZN 1.7683, and RUB rose by 0.77% to AZN 0.0263.

Currency

Exchange rates

1 USD (US dollar)

1.7000

1 EUR (Euro)

1.7683

1 RUB (Russian ruble)

0.0263

1 AUD (Australian dollar)

1.1716

1 ARS (Argentinean peso)

0.0145

1 BYN (Belarusian ruble)

0.6186

1 BRL (Brazilian real)

0.3359

1 UAE dirham

0.4628

1 ZAR (South African rand)

0.1049

100 KRW (South Korean won)

0.1325

1 CZK (Czech koruna)

0.0715

100 CLP (Chilean peso)

0.1975

1 CNY (Chinese yuan)

0. 2504

1 DKK (Danish krone)

0.2376

1 GEL (Georgian lari)

0. 5674

1 HKD (Hong Kong dollar)

0.2166

1 INR (Indian rupee)

0.0219

1 GBP (British pound)

2.0816

100 IDR (Indonesian rupiah)

0. 0116

100 IRR (Iranian rial)

0.0040

1 SEK (Swedish krona)

0.1686

1 CHF (Swiss franc)

1.6952

1 ILS (Israeli shekel)

0. 4997

1 CAD (Canadian dollar)

1.3115

1 KWD (Kuwaiti dinar)

5.5366

1 KZT (Kazakhstani tenge)

0.0040

1 KGS (Kyrgyzstani som)

0.0204

100 LBP (Lebanese pound)

0.1125

1 MYR (Malaysian ringgit)

0.3865

1 MXN (Mexican peso)

0.0844

1 MDL (Moldovan leu)

0.0897

1 EGP (Egyptian pound)

0.0928

1 NOK (Norwegian krone)

0.1732

100 ‎UZS (Uzbekistani som)

0.0152

1 PLN (Polish złoty)

0.3777

1 SGD (Singapore dollar)

1.2181

1 SAR (Saudi Arabian riyal)

0.4532

1 SDR (IMF)

2.2623

1 TRY (Turkish lira)

0.1097

1 TWD (Taiwan dollar)

0.0570

1 TJS (Tajikistani somoni)

0.1362

1TMT (New Turkmenistan Manat)

0.4857

1 UAH (Ukrainian hryvnia)

0.0576

100 JPY (Japanese yen)

1.3179

1 ‎NZD (New Zealand dollar)

1.0616

Gold (1 ounce)

3,073,8975

Silver (1 ounce)

35.7221

Platinum (1 ounce)

1,609.1690

Palladium (1 ounce)

3,327.8265

Subscribe to our Linkedin page

Continue Reading

"Report" studio

Sweden to send delegation to Turkiye for talks on NATO membership

Avatar

Published

on

The government of Sweden will send representatives to Turkiye to resolve existing disagreements regarding its NATO bid, kingdom's Defense Minister Peter Hultqvist.

"We will send a group of officials to hold discussions and the dialogue with Turkiye, and we will see how the issue will be resolved and what it actually is. But the signals we got from NATO are that there is an agreement on that both Sweden and Finland must be admitted to the alliance," he said.

On Monday, the Swedish parliament will hold debates on NATO accession, and the government will meet to approve the membership bid.

"I cannot say when exactly the bid will be sent but the decision will be adopted today," the minister said.

Turkish President Recep Tayyip Erdogan said on Friday that Ankara is not supportive of Finland and Sweden's NATO bid since "the Scandinavian countries are a guest house for terrorist organizations" – members of Kurdistan Workers' Party outlawed in Turkiye. On Saturday, Foreign Minister Mevlut Cavusoglu also expressed outrage at this. He noted that the majority of Turkish residents opposed the accession of Finland and Sweden to NATO and asked Ankara to block the process, but it intends to discuss this with its allies in the alliance, as well as Helsinki and Stockholm.

Subscribe to our Twitter page

Continue Reading

"Report" studio

Baku-Nakhchivan plane returns due to storm

Avatar

Published

on

The captain of the Azerbaijan Airlines (AZAL) Baku-Nakhchivan flight has decided to return to the Heydar Aliyev International Airport due to the storm at the Nakhchivan International Airport, Report informs, citing AZAL.

The plane landed at Baku airport at 08:37 (GMT+4)

The passengers will be able to fly to Nakhchivan after the weather improves.

Subscribe to our Linkedin page

Continue Reading

Facebook

Trending