Deloitte checked NBA activity for 2005
National Bank of Azerbaijan announced the Deloitte-checked auditors report on its financial activity in 2005 Deloitte. Trend reports its approval by NBAs board on April 18, 2006
. NBAs auditor confirmed correct activity for the last year, as well as cash flows and compliance to international standards of financial reporting.
By the totals of 2005, NBA came to read and net loss amounted 184,319bn manat against 70,279bn manat of net profit in 2004.
According to the report, percentage incomes amounted 148,666bn manat, expenses 20,075bn manat; commission incomes 21,323bn manat, expenses 3,241bn. Consequently, NBAs losses are conditioned with high expenses amounted 259,393bn manat, while in 2004 they amounted only 15,710bn.