NBC Bank’s total capital amounted to 51 million 513 thousand manats for the first 6 months of 2016. At the end of 2015 the bank’s total capital amounted to 37 million 369 thousand manats.
During the first half of this year, the bank's assets amounted to 153 million 44 thousand manats (in 2015 the assets were 167 million 261 thousand manats).
The bank's liabilities in the first six months of 2016 equaled 101 million 531 thousand manats, and for the full 2015, this figure was 129 million 893 thousand manats.
The loan portfolio of NBC Bank as of 30 June 2016 amounted to 131 million 854 thousand manats, while in 2015 the loan portfolio of the bank was 123 million 673 thousand manats.
The bank’s current loans are 118 million 450 thousand manats, including 13 million 404 thousand manats of overdue loans. In 2015, these figures were, respectively, 115 million 759 thousand and 7 million 914 thousand manats.
The bank’s net profit amounted to 2 million 838 thousand manats for the first six months in 2016, and in 2015 the bank had a loss of 13 million 791 thousand manats. -------76D
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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