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NBCO has reported about a sharp decline of its profit

16.04.2021,12:08


April 16, Fineko/abc.az. Non-bank credit organization Viator Microcredit Azerbaijan LLC (NBCO) completed 2020 with net profit of AZN 164,000.

ABC.AZ reports that the indicator is 95.1% or 20.4 times less than in 2019. Last year, the pre-tax profit of the NBCO amounted to AZN 291,000 (11.6-fold less year-on-year) and income tax payments AZN 127,000 (4.9-fold more).

As of 1 January of this year VMA’s assets reached AZN 6.87 million (6.2% less year-on-year). Of them, AZN 5.96 million are net loans given to customers.

NBCO's loan portfolio grew by 6.6% in 2020.