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
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review