JSC NBCBank on the basis of 2012 had net profit after tax of $ 2.37 million manat, which is 7 times more than the figure recorded a year earlier. Bank's earnings were equal to 11.39 million manat and expenditures - 10.9 million manat, increasing by 28% and 23.9%.
Assets increased during the year by 35.6%, amounting to 86 million manat. The volume of issued and corporate loans grew by 37% and amounted to 69.89 million manat.
The total liabilities of the bank increased from 44.75 million to 61.74 million manat. Deposit portfolio increased by 56.9% to 39.74 million manat, including term client investments increased by 57.9% to 37.11 million manat.
Balance capital reached 24.27 million manat. Aggregate capital increased by 29.1% higher than the 23.11 million manat, and paid charter capital - by 18.9% to 19.53 million manat. - 15B -
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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