Another NBCO unveils its financial situation


August 7, Fineko/abc.az. İnkişaf üçün Maliyyə, a non-bank credit organization, has published data on its financial situation.

According to organization’s report for 2018, the NBCO completed the past year with net profit of AZN 1.49 million (5-fold rise versus the indicator of 2017).

At the same time, NBCO’s assets decreased by 20.61% (against 2017) to AZN 4.38 million and liabilities by 50.59% to AZN 2.569 million. Also, compared with 2017, NBCO’s loan portfolio decreased by 28.7% in 2018.

The net interest income of the organization fell by 28.40% to AZN 1.41 million (against 2017).