Azinvestcredit finished 2019 with profit


June 5, Fineko/abc.az. Azinvestcredit LLC completed 2019 with net profit of AZN 33,000.

ABC.AZ reports that this is stated in the NBCO's financial statements.

According to the report, this is 4.1 times more than in 2018.

Last year’s pre-tax profit of Azinvestkredit amounted to AZN 41,000 (4.1-fold more than a year earlier), and income tax payments AZN 8,000 (4-fold more).

As of 1 January Azinvestkredit's assets totaled AZN 554,000 (by 31.6% more than a year earlier). Of them, AZN 545,000 are net loans to customers.

In 2019 NBCO's loan portfolio grew by 35.9%. For the reporting period Azinvestkredit's liabilities remained unchanged at the level of AZN 13,000, while its balance sheet capital grew by 32.6% up to AZN 541,000, including its authorized capital rise by 25% up to AZN 500,000.