JSC NBCBank in the first three quarters of 2013 had a net profit after tax of 4.06 million manat , which is twice more than the same period in 2012 . The bank's earnings were equal to 11.36 million manat, and the expenses were 7.57 million manat, increasing by 25 % and 4.1 %.
Assets increased in January -September by 23 %, amounting to 105.77 million manat. The volume of issued and corporations loans increased by 19.7 % and amounted to 83.73 million manat.
The total liabilities of the bank increased from 61.74 million to 72.3 million manat. The deposit portfolio increased by 27.5 % to 50.65 million manat, including term client investments increased by 22.6 % to 45.46 million manat.
Balance sheet assets reached 33.47 million manat. The total capital grew by 39.3 % higher than 32.21 million manat, and the paid charter capital grew by 36% to 26.54 million manat. - 15B -
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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