Bank Nikoil concluded the year 2016 with a loss of 148 million 538 thousand manat. The bank’s debt to the Central Bank is 40 million 500 thousand manat.
The bank’s assets in 2016 were reduced by 130 million 224 thousand manat or 22.8% compared to 2015, reaching 439 million 726 thousand manat.
The bank's liabilities for the reported period fell to 399 million 165 thousand manat (-149 million 377 thousand manat or 27.2%).
The volume of bank deposits is 263 million 307 thousand manat.
The bank's capital for the specified time increased by 89.18%, or 19 million 92 thousand manat, amounting to 40 million 561 thousand manat. ----71D
Economics
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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