17:51 - 29.06.2021

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June 29, Fineko/abc.az. Non-bank credit organization Viza Kredit LLC ended 2020 with loss of AZN 131,000.

The NBCO completed 2019 with profit of AZN 92,000.

ABC.AZ reports with reference to the ranking that as of 1 January 2021 the assets of Visa Credit amounted to AZN 292,000 (65% less year-on-year).

Of them, AZN 195,000 are net loans given to customers. In 2020 NBCO's loan portfolio decreased by 73%.

During the reporting period Visa Kredit's liabilities decreased by 53.7% to AZN 354,000, and the balance sheet capital of AZN 70,000 was compensated by deficit of AZN 61,000.

Thus, the financial institution's liabilities again exceeded its assets. The last time such a situation was recorded was in 2018.