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
-
The volume of money transfers from Russia to neighboring countries continued to decline in 2024, according to data from the central banks of Kazakhstan, Georgia, Armenia, and Azerbaijan analyzed by RBC. The figures, which account for transactions through banking infrastructure and money transfer systems such as Zolotaya Korona, Unistream, and Contact, highlight a continued downward trend after a surge in remittances in 2022.
-
Azerbaijan’s rice imports have surged as domestic production struggles to meet growing demand, underscoring the country’s reliance on foreign suppliers. Despite government initiatives to boost output, local production remains stagnant, with only 10,000 tons expected in the 2024-2025 season, while imports reached 55,961 tons between January and October 2024.
-
Azerbaijan and Pakistan have signaled a growing commitment to deepen energy cooperation, with a focus on renewable energy initiatives, as Azerbaijani Energy Minister Parviz Shahbazov hosted a delegation led by Pakistani Federal Minister Abdul Alim Khan in Baku on January 30.
-
Oil from Kazakhstan's largest field, Kashagan, has begun flowing into the Baku-Tbilisi-Ceyhan (BTC) pipeline. According to information from SOCAR, the first batch of this oil was received at the Sangachal terminal on January 27 and will be transported via BTC to the port of Ceyhan.
Leave a review