Liabilities of Azerbaijani non-bank credit organization almost triples
Baku, Azerbaijan, Aug. 19
By Eldar Janashvili - Trend:
The volume of total assets of Mol Bulak, a non-bank credit organization (NBCO) in Azerbaijan, amounted to 16.185 million manats in the balance sheet for 2018, Trend informs referring to the audited report of the organization.
The organization’s assets increased by 39.7 percent compared to the previous year.
The main share of assets (82 percent) was made by client loans - 13.27 million manats (an increase of 46.1 percent). The volume of cash and cash equivalents amounted to 2.7 million manats, which is 16.8 percent more compared to the same period of the last year.
The total volume of obligations amounted to 5.383 million manats, which is almost three times more than in 2017. The bulk of the liabilities (92 percent) were debt liabilities. Their volume almost tripled and amounted to 4.9 million manats.
The total capital of NBCO increased by 10.7 percent up to 10.802 million manats, mainly due to an increase in retained earnings of the organization by 1.041 million manats.
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