Azinvestkredit finished 2020 with big loss


May 16, Fineko/abc.az. Non-bank credit organization Azinvestkredit LLC (NBCO) completed 2020 with loss of AZN 41,000.

The NBCO completed 2019 with net profit of AZN 41,000, ABC.AZ reports.

As of 1 January of this year the assets of Azinvestkredit amounted to AZN 500,000 (9.7% less than a year earlier).

Of them, AZN 492,000 accounted for the net loans given to customers. NBCO's loan portfolio decreased by 9.7% in 2020. For the reporting period Azinvestkredit's liabilities decreased by 6.5 times to AZN 2,000, and its balance sheet capital by 7.8% to AZN 499,000.