TBC Kredit non-bank credit organization expects great increase in its profit till late 2018
Baku, Azerbaijan, Oct. 10
By Taleh Mursagulov – Trend:
TBC Kredit non-bank credit organization expects to increase its profits by the end of 2018, Nukri Tetrashvili, Director General of TBC Kredit non-bank credit organization [subsidiary of Georgian TBC Bank], said in an interview with Trend.
“By the end of 2018, the non-bank credit organization’s profit may increase by 30-40 percent compared to last year,” he said.
“In 2015-2016, the non-bank credit organization suffered great losses and in 2017 TBC Kredit gained profit,” he said.
“Now our business is recovering,” he said. “By the end of this year it will become more tangible.”
“During the pre-crisis period, the non-bank credit organization’s profit was two to three times more compared to the current year.
TBC Kredit has been operating in Azerbaijan since 1999.