10:40 - 11.06.2025

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June 11, Fineko/abc.az. The net profit of Aran Kredit Ittifaqi LLC in 2024 lowered by 42% compared with 2023 and amounted to 1,189 manats. In 2023, company’s net profit totaled 1,465 manats.

ABC.AZ informs, referring to the annual report, that credit union’s interest income grew by 4.9% up to 190,000 manats. On the contrary, non-interest income declined by 15.8% to 63,956 manats.

Credit union’s assets increased by 63% compared with 2023, reaching 417,578 manats. This growth is mainly linked with a 75% rise in the loan portfolio, from 219,110 manats up to 382,869 manats.

The Special Reserve Fund decreased by 4.1% and amounted to 54,663 manats.

Liabilities grew 2.1-fold up to 86,298 manats. The capital increased by 54%, reaching 331,280 manats.

The net profit for the current year grew by 27% up to 2,654 manats.