Assets of JSC Bank Nikoil increased in the first quarter of this year by 1% to 211.02 million manat. The volume of issued and corporations loans grew by 0.1%, amounting to 162.24 million manat.
The total liabilities of the bank increased from 173.67 million to 176.39 million manat. The deposit portfolio increased by 5.1%, amounting to 120.68 million manat, including term deposits increased by 4.3% to 106.22 million manat.
Balance sheet assets amounted to 34.63 million manat. The total capital increased by 0.6% higher than 31.22 million manat, and paid charter capital remained unchanged at 22.5 million manat.
Revenues and expenses of the bank equaled 8.13 million, respectively, and 7.92 million manat. Net profit after tax amounted to 217 thousand manats. - 15B -
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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