JSC "Bank Nikoil" in the first three quarters of 2012 had net profit after tax of 2.04 million manat, which is 1.5 times more than the figure recorded a year earlier. Income and expenses of the bank were respectively 25.87 million and 21.82 million manat.
Assets increased in January-September by 15% to 206.63 million manat. The volume of issued and corporations loans grew by 4.8% and amounted to 157.85 million manat.
The total liabilities of the bank increased from 146.29 million to 172.49 million manat. Deposit portfolio increased by 9.5% to 119.59 million manat, including term client investments increased by 9.6% to 101.18 million manat.
Balance capital grew by 2.1% to 34.13 million manat. The aggregate capital was 31.27 million manat, and paid charter capital - 22.5 mln AZN. - 15B -
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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