18:15 - 21.07.2020

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July 21, Fineko/abc.az. MCB NBCO completed 2019 with net profit of AZN 622,000.

ABC.AZ informs with reference to news agency Report that this is stated in the NBCO's financial statements. According to the report, this is almost by 23% more than in 2018.

Last year, MCB's tax profit amounted to AZN 687,000 (3% more than a year earlier), and income tax payments AZN 66,000 (59.3% less).

MCB's assets as of 1 January 2020 amounted to AZN 10.4 million that is by 20.8% more than a year earlier. Of them, AZN 9.7 million are net loans to customers. In 2019, NBCO's loan portfolio grew by 17.6%.

During the reporting period MCB's liabilities grew by 22.6% up to AZN 6.3 million, while its balance sheet capital by 18.2% up to AZN 4 million.