Premier Kredit`s loss reached AZN 198,000 for 2019


June 5, Fineko/abc.az. NBCO Premier Kredit LLC completed 2019 with loss of AZN 198,000, while in 2018 it had net profit of AZN 35,000.

ABC.AZ reports with reference to news agency Report that Premier Credit's assets as of 1 January 2020 amounted to AZN 1.9 million (by 50.6% less than a year earlier).

Of them, AZN 1.7 million are net loans to customers. In 2019, NBCO's loan portfolio decreased by 51.1%. For the reporting period Premier Credit's liabilities reduced by 50.6% to AZN 1.7 million, while its balance sheet capital dropped by 50.4% to AZN 203,000, including its authorized capital increased by 9.6% up to AZN 401,000.