NBC Bank's assets in 2016 compared to 2015 decreased by 4.95%, or 8 million 291 thousand manat, amounting to 158 million 970 thousand manat.
The bank's liabilities during the reporting period decreased to 106 million 31 thousand manat (-23 million 862 thousand manat or 18.37%).
The bank deposits for the specified time decreased by 33 million 149 thousand manat or 32.9% and amounted to 67 million 598 thousand manat.
The growth of the bank's capital amounted to 15 million 570 thousand manat and 41.66% in 2016, reaching 52 million 939 thousand manat.
During this time, the bank's loan portfolio decreased to 134 million 846 thousand manat (- AZN 18 million 132 thousand, or 11.85%). The share of non-performing loans (AZN 13 million 354 thousand) is 9.9% of the total loan portfolio.
The bank in 2016 showed a loss of 1 million 797 thousand manat. -71D-
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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