The Iranian bank in Baku made a profit of about 3 million manats in the quarter
The Baku branch of the National Bank of Iran has released financial indicators for the first quarter of 2024. In January-March, the credit institution made a profit of 2.5 million manats, by 4 times more than in the same period last year.
The assets of the Bank of Iran at the beginning of April this year amounted by 12.2% more than at the beginning of April last year - 114.8 million manats, including a net loan portfolio 62.1% less – 3.2 million manats. The liabilities of the Baku branch amounted to 71.2 million manats (10.4% more), the deposit portfolio - 35.6 million manats (2.85 times more), the balance sheet capital -43.6 million manats (15.1% more), the authorized capital -73.6 million manats (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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