The mortgage portfolio of Bank Standard after the cancellation of its license has been transferred to JSC Mugan Bank.
Thus Mugan Bank will serve 2,000 people who have taken a mortgage, and among the authorized credit organizations the bank has come to the first place in terms of the mortgage portfolio.
Bank Standard Mortgage Portfolio Partly Transferred to OJSC NBC Bank
Turan reports JSC NBC Bank has been transferred 311 customers on mortgage loans. Transferred to NBC Bank was a part of the mortgage portfolio of Bank Standard, which amounted to 10,623,158 AZN.
Transfer of a part of the mortgage portfolio was held by agreement between the Azerbaijan Mortgage Fund and NBC Bank signed on 3 October. -71D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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