15:57 - 23.06.2020

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June 23, Fineko/abc.az. Non-banking credit organization City Finance LLC completed 2019 with net profit of AZN 93,000.

ABC.AZ informs with reference to news agency Report that the NBCO finished 2018 with loss of AZN 39,000.

Last year City Finance's tax profit amounted to AZN 116,000 (versus loss in 2018) and income tax payments AZN 23,000 (taxes were not paid in 2018). City Finance’s assets as of 1 January 2020 amounted to AZN 5.4 million (by 22 times more against a year earlier). Of them, AZN 5.1 million are net loans to customers. In 2019 NBCO's loan portfolio grew by 16.5 times.

For the reporting term City Finance's liabilities increased by 27.4 times and reached AZN 1.5 million, while its balance sheet capital by 20.6 times up to AZN 3.9 million.