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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The State Oil Company of Azerbaijan (SOCAR) is stepping up its international expansion in upstream operations, marking a strategic shift in its global portfolio. The company’s recent acquisitions— a 10% stake in Israel’s Tamar gas field and a 3% share in the SARB and Umm Lulu offshore oil projects in Abu Dhabi—signal its growing ambitions beyond Azerbaijan’s borders.
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BP plans to drill 19 wells at the Azeri-Chirag-Guneshli (ACG) oilfield block in 2025, maintaining its drilling activity at the same level as in 2024, a senior company executive said on Tuesday.
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The International Association of Drilling Contractors (IADC) opened its annual "IADC Drilling Caspian" conference in Baku on Tuesday, bringing together industry leaders to discuss advancements in oil and gas drilling, as well as the growing role of geothermal energy.
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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