Finoko’s profit reduced sharply

11:21 - 4.06.2021

June 4, Fineko/abc.az. Non-bank credit institution Finoko completed 2020 with net profit of AZN 13,000 (almost 27-fold less than in 2019).

ABC.AZ informs with reference to Finoko’s financial report that in 2020 Finoko's profit before taxation reached AZN 107,000 (5.8-fold less than a year earlier) and income tax payments AZN 94,000 (2.85-fold less).

As of 1 January 2021 Finoko's assets amounted to AZN 24.877 million (14.6% less year-on-year).

Of them, the net loans for AZN 18.56 million were given to customers.

NBCO's loan portfolio decreased by 2.6% in 2020.

 

Other news