Assets of CBI NIKOIL in the first six months of this year increased by 14.61 million or 7 per cent reaching to 223.68 million manat. Lending to individuals and legal entities in the reporting period increased by 11.56 million or 7.1% amounting to 173.65 million manat.
The total liabilities of the bank increased to 188.19 million manat. The deposit portfolio increased by 7.52 million or 6.5 percent of 122.3 million manats, including term client investments increased by 4.7% to 106.64 million manat.
Balance sheet assets reached 35.49 million manat. The total capital increased by 3% to more than 31.96 million manat, and paid charter capital remained unchanged at 22.5 million manat.
Revenues and expenses of the bank equaled 16.84 million, respectively, and 15.88 million manat. Net profit after tax amounted to 957.7 million manat. -15B -
Economics
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Azerbaijan significantly increased its rice imports to 52,500 tons in the first nine months of 2024, marking a 15.1% rise in physical weight and a 33.3% rise in import value compared to the same period in 2023, according to government data. The average price per ton of rice climbed by 15.8% to $1,042.17, up from $899.77 last year, further underscoring Azerbaijan’s reliance on imports to meet domestic demand, with 85% of the country’s rice needs covered through foreign sources.
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The State Tax Service of Azerbaijan has called on businesses to conduct non-cash payments solely through POS terminals, requiring merchants to issue receipts from both the POS terminal and cash register for transparency, as part of efforts to curb card-to-card transactions outside regulated channels.
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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