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
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review