According to the report, the
NBCO's net interest income amounted to 1.411 million manats (a 28.4-percent decrease over the year) and was formed through interest income in the amount of 871,100 manats (a decrease by 2.3 times over the year) and interest expenses by 34,700 manats (a decrease by 11.2 times over the year).
The
NBCO prevents an entity from owning a newspaper and a broadcast
NBCOs are facing an uncertain future in the nation and the recent reduction in the number of banks in the country has also negatively affected the operations of
NBCOs operating in the country.
NBCo's products are engineered-to-order and particularly suited for use in the oil and gas processing industries.
The FCC relied on two sentences asking about ownership limits in local markets as adequate notice of the
NBCO rule.
Currently, the Agency cooperates with 10 banks, 11
NBCOs and 19 credit unions.
NBCo, with around 120 employees, makes engineered-to-order products, which apart from the oil and gas processing industries, are used in a number of sectors including power, food & beverage and pharmaceuticals.
Given the stay of the revised
NBCO rule, one would not expect to see any
Aliyev noted that today AKIA cooperates with 10 banks, 11
NBCOs and 19 credit unions.
M2 EQUITYBITES-May 30, 2013-Alfa Laval unveils buy of
NBCo in US(C)2013 M2 COMMUNICATIONS http://www.m2.com
In exchange for distressed assets, the Non-Bank Credit Organization (
NBCO) provides IBA with liquid funds.
As noted, 6 organizations connected to the ACB's system, including 1
NBCO, 2 credit unions, 2 leasing companies and 1 legal entity, during the first half of the year.