"Bank of Baku" gained AZN 20 million of net profit for 9 months
"Bank of Baku" released its financial figures for January-September 2024.
The bank gained AZN 20 million of net profit for 9 months, which is down by 17.6% from the same period of the last year.
As of the beginning of October, the "Bank of Baku" assets were up by 12.6% from the beginning of last October - AZN 919.5 million, including the net loan portfolio 19.1% higher - AZN 690.8 million.
At that, the bank’s liabilities amounted to AZN 769.8 million (13.4% more), including the deposit portfolio of AZN 571.3 million (26.5% more), the balance capital of AZN 149.7 million (8.6% more), the registered capital of AZN 52.9 million (unchanged).
Finance
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The Central Bank of Azerbaijan (CBA) has approved the ‘Concept of Policy on Risk-Based Control’. This is reported on the website of the structure.
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If 2 years ago a share of local revenues in the budget of the Nakhchivan Autonomous Republic was 20-25%, by this year's end a share of local revenues will exceed 50%.
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The Central Bank of Azerbaijan (CBA) has given binding instructions to 'Azsığorta', 'Atəşgah Insurance', 'İpək Yolu Insurance', 'Xalq Həyat Insurance', 'Aqrar Insurance' and 'AzRe Təkrarsığorta'. This is reported on the CBA website.
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The NBCO 'Para will hold a regular general meeting of shareholders on 4 February at 11:00.
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