NBC Bank Working without Profit by October 1

JSC NBC Bank has reported for January-September 2015. So, its loan portfolio in January rose by 4.8% - up to 124 million 118 thousand manat with obligations, including long-term ones, of 100 million 67 thousand manats (+ 14.9%).

Located on deposit accounts is 70 million 630 thousand manats (+ 21.7%). The assets amount to 151 million 191 thousand manats (+ 9.5%).

The equity as of 1 October was at 51 million 124 thousand manats (+0.2%). The authorized did not change since the beginning of the year, amounting to 46 million 536 thousand manats.

Since all revenues were spent on maintenance of activity, there were no profits for the three quarters.

JSC NBC Bank was established in December 1992. The head of the Supervisory Board is Fuad Ganbarov, and the Chairman of the Board is Elchin Mammadov. --17D-

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