The assets of Bank Nikoil for the third quarter decreased compared to the beginning of the year by 5.76% (32 million 836 thousand manat), amounting to 537 million 114 thousand manat.
At the same time the bank’s obligations decreased, in the reporting period amounting to 496 million 188 thousand manat (-9.5% or -52 million 354 thousand manat).
The bank's capital increased by 19 million 517 thousand manat (91%) amounting to 40 million 925 thousand manat.
In the third quarter the bank's loss amounted to 1 million 997 thousand manat, and for the first 9 months the profit was 3 million 637 thousand manat.
The debt of Bank Nikoil to the Central Bank of Azerbaijan is 48 million 500 thousand manat for the period. -----71D
Economics
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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