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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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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