Union Kredit completed year with loss

11:27 - 11.06.2021

June 11, Fineko/abc.az. Non-bank credit organization Union Kredit LLC completed 2020 with loss of AZN 230,000 (3-fold more versus 2019), ABC.AZ reports with reference to NBCO's financial statements.

As of 1 January 2021 Union Kredit’s assets amounted to AZN 211,000 (43.3% less year-on-year), including the net loans given to customers for AZN 103,000. NBCO's loan portfolio decreased by 32.7% in 2020.

Over the reporting period Union Kredit’s liabilities increased by 50.4% up to AZN 209,000 and the balance sheet capital decreased by 99.4% to AZN 1,000.

 

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