News

“MCB NBCO” CJSC successfully continues lease services despite of ongoing pandemic situation and challenges. Recently we have implemented several successful projects funded by the State Agency for Agro Credit and Development (AKIA) and have several other projects in pipeline. In […]

“MCB NBCO” CJSC implemented IFRS 16, which specifies how an IFRS reporter will recognize, measure, present and disclose leases. Company made more than AZN 0.62 mln. net profit. Portfolio crossed figures of AZN 9 million, reflecting clients confidence in “MCB […]

“MCB NBCO” CJSC became one of the first financial institution in Azerbaijan to implement IFRS 9 Expected credit loss (ECL) model of impairment of financial instruments and ensuring its financial statement as fully compliant with IFRS. Received “A” rating on […]