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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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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