Azerbaijani NBC Bank's assets exceed $176M
BAKU, Azerbaijan, Oct. 22
By Eldar Janashvili – Trend:
Since early 2019 the Azerbaijani NBC Bank’s total assets increased by 7.5 percent in late September 2019, Trend reports on Oct. 22 referring to the bank’s balance sheet.
The total assets increased by over 21.4 million manat ($12.5 million) and reached over 304.8 million manat ($179.3 million), the balance sheet says.
A great part (73 percent) in the structure of assets accounts for the net loan portfolio, the volume of which increased by 8.7 percent and reached over 222.2 million manat ($130.7 million).
The amount of cash increased by 89 percent and reached over 11.4 million manat ($6.7 million). Nostro accounts, including also correspondent accounts in the central bank, reached 3.584 million manat ($2.1 million), which is 2.6 times more than in early 2019.
The fixed assets decreased by 1.1 percent and reached 58.592 million manat ($34.4 million) in the structure of long-term assets. Intangible assets after deduction of amortization decreased by 6.4 percent and reached 205,000 manat ($120,588). Other assets reached over 11.8 million manat ($6.9 million).
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