NBC Bank Slightly Lost Ground
The loan portfolio of JSC NBC Bank in the first quarter decreased by 0.3% to 118 million 128 thousand manat. This is partly reflected in the profit - in January - March, the bank's net loss was at 586 thousand manat.
By April 1, also reduced the bank's own capital (minus 0.9%), amounting to 50 million 572 thousand manat.
Nevertheless, the assets increased 2.8% - up to 141 million 928 thousand manat, while the liabilities increased 4.9% - to 91 million 356 thousand manat. The deposit accounts during this period totaled 64.1 million manat (+ 10.4%).
The authorized capital is unchanged - 46 million 536 thousand manat. On December 24 last year, the bank tried to place shares in the amount of 5 million manat to bring the authorized capital to the level required by CBA - 50 million AZN, but the attempt was not successful.
JSC NBC Bank was established in December 1992. The Chairman of the Supervisory Board is Fuad Ganbarov. The Acting Chairman of the Board is Elchin Mammadov. --17D-
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