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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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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