Credit portfolio of Azerbaijani NBCO IDK LLC up by 10%
Baku, Azerbaijan, Aug. 27
By Eldar Janashvili - Trend:
The total assets of Azerbaijan’s IDK LLC non-bank credit organization (NBCO) amounted to 1.55 million manats in the balance sheet for 2018, Trend reports referring to the organization’s audit report.
Over the year, the organization’s assets decreased by 2.2 percent.
The main share of assets (82 percent) was comprised of client loans at 1.289 million manats (a 10 percent increase over the year). The volume of cash and cash equivalents amounted to 93,300 manats, having decreased by 4 times.
The total volume of obligations amounted to 16.5 million manats, which is 3.4 times less than in 2017. All liabilities in the balance sheet of NBCO fell on the column of “other liabilities”.
The NBCO’s total capital remained almost unchanged and amounted to 1.542 million manats, mainly due to adding the organization's retained earnings of 837,000 manats to the authorized capital and paying off the loss in the amount of 132,800 manats.
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