NGO ‘Azkredit’ last year it received more than 1 million manats of net profit

Non-bank credit organization 'Azkredit' published its financial indices for 2022.

Last year, the NBCO made a net profit of 1.3 million manats, which is down by 0.8% from the previous year.

As of the beginning of this year, "Azkredit"s assets amounted to 5% less than at the beginning of last year - 1.9 million manats, including a loan portfolio 7.5 times larger - 1 million manats.

Liabilities of the NBCO amounted to 0.3 million manats (16.2% less), the balance sheet capital -1.6 million manats (2.3% less), including the authorized capital -0.3 million manats (unchanged).

Source: Turan News Agency