BAKU, Azerbaijan, June 8
By Zeyni Jafarov - Trend:
The volume of loans issued to clients in the Azerbaijani ‘International’ non-banking organization increased by 33 percent in 2021 compared to 2020, having modestly surpassed 12.4 million manat ($7.29 million), the non-banking organization told Trend.
“According to the results of the audit, assets for the reporting period increased by 39.7 percent, up to 14.7 million manat ($8.64 million),” the organization said.
The organization noted that the net profit of 'International' by the beginning of this year amounted to 201,900 manat ($118,764), liabilities exceeded 11 million manat ($6.47 million), increasing by 20.3 percent over the year, and the balance capital increased 3.85 times, to about 3 million manat ($1.76 million).
As a result, by the beginning of 2021, ‘International’ strengthened its position in the market by increasing its authorized capital and improving financial performance.
The authorized capital of 'International', created in 2002, currently reaches 3 million manat ($1.76 million).
(1 USD = 1.7 AZN on June 8)