Baku, Azerbaijan, Aug. 27
By Eldar Janashvili - Trend:
Total assets of Azerbaijan’s IDEAL Kredit LLC non-bank credit organization (NBCO) in the balance sheet for 2018 amounted to 3.774 million manats, Trend reports citing the organization’s audit report.
Over the year, the organization’s assets grew by 2.5 percent.
The main share of assets (84 percent) accounted for client loans - 3.177 million manats (growth for the year by 2.8 percent). The volume of cash and cash equivalents amounted to 33,800 manats, decreasing by 20.5 percent.
The total volume of liabilities for the year remained almost unchanged and amounted to 2.687 million manats. The bulk of liabilities (64 percent) accounted for liabilities to banks and other financial institutions in the amount of 1.717 million manats. Their volume also remained almost unchanged compared to the results of 2017. In the structure of liabilities, about 32 percent of the total volume accounted for liabilities to shareholders and other individuals in the amount of 865,000 manats (2 percent growth over the year)
The total capital of IDEAL Kredit grew by 9.2 percent and amounted to 1.087 million manats, mainly due to an increase in retained earnings of the organization by 26.5 percent to 440,600 manats.
($1= 1.7 manats on Aug. 27)
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