Assets of the Investment and Commercial Bank Nikoil from January to July increased by 16% - up to 308.972 million manat.
According to an official of the financial structure, its loan portfolio during the reporting period amounted to 250.73 million manat (11.9% YTD). Liabilities of the bank by the end of the first half are 262,376,000 manats (18.1%). Deposits in the bank by July 1 totaled 198.896 million manat (15.1%).
The bank's equity is equal to 46.596 million manat (5.38%) at a constant in the authorized capital of 34.5 million manat.
Net profit structure up to six months amounted to 2.38 million manat.
Shareholders of the bank are Topaz Investment, JSC NIKOIL, Ltd Uralsib-Invest and ISR Holding. - 17D
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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