NBCO “Kredex” gained net profit of 0.6 million manats last year

Non-bank credit organization "Kredex" has published financial indices for 2022.

Last year, the NBCO gained a net profit of 0.6 million manats which is up by 45.7% from a year earlier.

As of the beginning of this year, "Kredex" assets amounted to 4.8 million manats - 10.7% more than at the beginning of last year, including a net loan portfolio of 6.5% more – 4.5 million manats.

The NBCO liabilities amounted to 3.9 million manats (5.4% more), the balance sheet capital - 0.9 million manats (41% more), including the authorized capital -0.3 million manats (unchanged).

Source: Turan News Agency