BAKU, Azerbaijan, May 2. Operating income of Entrepreneurship Development Fund under Azerbaijani Ministry of Economy increased by 39.9 percent in 2021 compared to 2020 - up to 14.1 million manat ($8.3 million), Trend reports with reference to the fund.
According to the report, income from the reduction of probable credit losses amounted to 10.4 million manat ($6.1 million).
According to the data confirmed by the audit report, the fund's operating and tax expenses amounted to 6.9 million manat ($4.05 million).
Entrepreneurship Development Fund completed 2021 with a profit of 17.7 million manat ($10.4 million).
The fund's assets amounted to 842.1 million manat ($495.3 million) as of December 31, 2021, liabilities - 17 million manat ($1 million), capital - 825.1 million manat ($485.3 million).