Embafinance sharply increased its loan portfolio by AZN 11.5 million for 2019


May 22, Fineko/abc.az. NBCO Embafinance has released the financial indicators.

ABC.AZ reports with reference to NBCO’s report that Embafinance's loan portfolio grew by AZN 11.555 million or 49.3% up to AZN 34.989 million for the past year.

At the same time, compared with 2018, in 2019 Embafinance’s total assets increased by AZN 12.437 million or by 42% up to AZN 42.83 million.

Last year Embafinance increased its liabilities by raising funds from banks and issuing bonds. Organization’s total liabilities for 2019 grew by AZN 10.686 million or 69.1% up to AZN 26.149 million.