JSC NBCBank in the first quarter of 2013 had a net profit after tax of 1.62 million manat, which is 3.4 times more than the same period in 2012. The bank's earnings were equal to 3.57 million manat, and expenses - 2.32 million manat.
The assets increased in January-March, up 3.2% to 88.77 million manat. The volume of issued and corporations loans grew by 2.9% and amounted to 71.89 million manat.
The total liabilities of the bank increased from 61.74 million to 61.93 million manat. The deposit portfolio increased by 5.7% to 42.01 million manat, including term client investments increased by 8.3% to 40.2 million manat.
Balance sheet assets reached 26.84 million manat. The total capital increased by 10.8% higher than the 25.62 million manat, and paid charter capital - by 15.3% to 22.54 million manat. - 15B -
Economics
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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