The Investment and Commercial Bank Nikoil completed the 3rd quarter with a net profit - by October 1, it was 3.64 million manat.
According to the report of the bank, to this date, its assets amounted to 336,630,000 manat (+ 24.4%), and the loan portfolio – 265 080 000 manat (+18.4%).
Liabilities of the bank at the end of the reported period were 287,020,000 manat (+29.2%). The deposits were 190,290,000 manat, increasing by 26.3%, and the household deposits occupied the leading place in this - 166 million manat.
The bank's equity as of 1 October rose to 49,610,000 manat (+2.5%) at the authorized capital of 34.5 million manat.
Bank Nikoil has been working in Azerbaijan since 1997. The shareholders are Topaz Investment (56.38%), JSC Nikoil (42.62%) and LLC ISR Holding (1%) .--17D-
Economics
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In 2024, Azerbaijan welcomed 3.523 million passengers from 38 countries via air transportation, reflecting a significant 32.1% increase compared to the previous year. According to the State Tourism Agency, this also marks an expansion in reach, with visitors arriving from three additional countries, an 8.5% rise year-on-year.
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As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
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In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
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The Armenian government reviewed a draft bill on Thursday, January 9, following a petition that garnered 52,000 signatures—surpassing the required threshold of 50,000. The proposed legislation, which has now been forwarded to parliament, has ignited discussions about Armenia’s potential shift toward European integration.
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