Assets of NBCBank increased in January-June of 2013 by 10.3%, reaching 94.92 million manat. The volume of loans grew by 10% to 76.86 million manat.
The total liabilities of the bank increased from 61.74 million to 66.77 million manat. The deposit portfolio increased by 13.1% to 44.92 million manat, including term client investments increased by 14.5% to 42.54 million manat.
Balance sheet assets reached 32.15 million manat. The total capital grew by 33.8%, exceeding the 30.88 million manat, and paid charter capital - by 35.9% to 26.54 million manat.
The bank's earnings were equal to 7.25 million manat, and the expenses were 4.72 million manat. Net profit after tax amounted to 2.82 million manat. - 15B -
Economics
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Azerbaijan is set to host its Trade Forum on October 1, supported by “Pasha Holding” and jointly organized by the Small and Medium Business Development Agency (SME), Azerbaijan Customs representation, and the Logistics Companies Association.
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The inaugural Investment Forum on energy transition in Central Asia is set to take place on November 15-16 in Baku, Azerbaijan, organized by the International Renewable Energy Agency (IRENA) and Azerbaijan’s Ministry of Energy as part of the COP29 conference.
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At the advisory meeting of railway administrations held in Baku on September 19-20, Rovshan Rustamov, Chairman of Azerbaijan Railways CJSC (ADY), met with Ufuk Yalçın, General Director and Chairman of the Board of the Turkish State Railways Company "TCDD Taşımacılık." The meeting marked the second time this year that officials have discussed expanding railway transport cooperation between Azerbaijan and Turkey.
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The Center for Analysis of Economic Reforms and Communication (CAERC) has completed its monitoring and evaluation of the first half of the year in relation to the "I State Program on the Great Return to the Liberated Territories of the Republic of Azerbaijan." This state program focuses on restoring infrastructure and resettling displaced populations in areas that were reclaimed during the 2020 Nagorno-Karabakh conflict.
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