NBCO TBC Kredit ends first quarter of year on profit

12:36 - 19.08.2022

August 19, Fineko/abc.az. The non-bank credit organization (NCBO) TBC Kredit LLC completed the first half of this year with a net profit of 48,000 manats, ABC.AZ reports referring to the financial statements of the NBCO.

According to the document, within half a year TBC Kredit's profit before tax amounted to 1.55 million manats, and income tax payments made 1.07 million manats.

As of July 1 this year, TBC Kredit's assets amounted to 18.259 million manats, which is 14.9% more than at the beginning of the year. Of these, 14.499 million manats were loans issued to customers. The loan portfolio of the NBCO has grown by 46.1% over the past 6 months.
During the reporting period, TBC Kredit's liabilities increased by 0.95% to 7.035 million manats, while the balance capital increased by 25.7%, to 11.224 million manats.