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-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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