NBCO profit and loss statistics in 2021


January 24, Fineko/abc.az. Non-bank credit organizations of Azerbaijan completed 2021 with net profit of AZN 10.1 million (2% more against 2020). ABC.AZ reports that last year, NBCOs’ revenues totaled AZN 87.6 million (12% more than a year earlier), expenditures AZN 60.5 million (12.45% more), transfers for the creation of special reserves AZN 12.6 million (16.7% more), unforeseen expenses AZN 400,000 (1% more than a year ago), and income tax payments AZN 4 million (5.3% more).

As of 1 January of this year, NBCOs’ assets amounted to AZN 388.6 million (22.9% more than 1 year ago). Of them, AZN 292.3 million are net loans given to customers. In 2021, the sector's loan portfolio grew by 30.4%. For the reporting period NBCOs’ liabilities increased by 28.25% up to AZN 224.3 million and the balance sheet capital by 16.2% up to AZN 164.3 million.