NBC Bank has increased its assets in the third quarter of 2016 compared to the beginning of the year by 40.6% (AZN 271 million), which made up 938 million manat.
During this period the bank's liabilities decreased by 35 million 656 thousand manat (27.4%) and accounted for 94 million 237 thousand manat.
The deposits decreased by 32 million 912 thousand manat (32.6%), amounting to 67 million 835 thousand manat.
The bank's capital rose to 53 million 203 thousand manat (growth - 42.3% or 15 million 834 thousand manat).
The bank’s loss during the reporting period amounted to 1 million 415 thousand manat. -----71D
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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