The assets of JSC NBC Bank by January 1 amounted to 138 million 106 thousand manat (+ 17.8%).
According to official information from the bank, its loan portfolio was at the level of 118 million 435 thousand (+ 24.3%) at the deposits of 58 million 39 thousand manat (+ 10.9%).
The bank's liabilities are equal to 87,090,000 manat (+ 13%). The equity capital as of 1 January was 51 million 15 thousand manat (+ 27%), and about the same (+ 27.4%) increased the authorized capital - up to 46 million 536 thousand manat.
The net profit at the end of activities in 2014 amounted to 1 million 460 thousand manat.
NBC Bank was established in December 1992 and now is part of the group of companies Nurgun Holding. --17D-
Economics
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As 2024 comes to a close, Azerbaijan finds itself at a crossroads—holding a prominent position in certain sectors of the global economy but still grappling with issues that hinder broader socioeconomic development. From energy exports to logistics corridors, the country has carved out a niche, yet cracks in its socioeconomic fabric are becoming harder to ignore. Let’s delve into the numbers and listen to expert opinions on Azerbaijan's global standing.
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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