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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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