BAKU, Azerbaijan, Nov. 1
By Nazrin Israfilova - Trend:
The authorized capital of FINCA Azerbaijan non-banking credit organization (NBCO) amounted to 3.756 million manat in 2021, FINCA Azerbaijan told Trend.
"As the organization's annual external audit process continues, there is no net income figure for 2021 yet. However, the management expects this to exceed revenue in 2021 as well as 2020," FINCA stated.
In 2021, FINCA Azerbaijan provided loans in the amount of 41.846 million manat ($24.6 million), which is 115.2 percent, or 23.9 million manat ($14 million) more than in 2020. At the same time, loans provided to customers by the organization in 2020 totaled 19.441 million manat ($11.4 million).
In 2019 and 2020, the authorized capital of FINCA Azerbaijan reached 3.756 million manat ($2.2 million).