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Azerbaijan’s Finans Kredit ends 2021 with profit

Finance Materials 6 June 2022 12:53 (UTC +04:00)
Azerbaijan’s Finans Kredit ends 2021 with profit
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, June 6. Net profit of Azerbaijani Finans Kredit non-bank credit organization (NBCO) amounted to 46,240 manat ($27,200) in 2021, Trend reports with reference to NBCO.

According to the data, confirmed by the audit report, interest income of Finans Kredit amounted to 112,290 manat ($66,000) in 2021, non-interest income – 76,000 manat ($44,700).

Interest expenses of NBCO amounted to 2,000 manat ($1,170), non-interest expenses - 137,620 manat ($80,900).

Finans Kredit's profit before taxes amounted to 48,680 manat ($28,600) in 2021, income tax payments – 2,440 manat ($1,400).

The assets of the NBCO amounted to 837,700 manat ($492,700) in 2021, capital – 345,660 manat ($203,300), liabilities – 492,000 manat ($289,400).

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