15:31 - 14.04.2023

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April 14, Fineko/abc.az. The Entrepreneurship Development Fund completed 2022 with net profit of AZN 15.509 million (12.3% less than in 2021), ABC.AZ reports with reference to the EDF.

Thus, last year EDF’s main operating (interest) income amounted to AZN 13.3 million (14.2% more than a year earlier), other (non-interest) operating income – AZN 1.065 million (2.3-fold), income from compensation of probable credit losses – AZN 8.945 million (14.3% less), operating expenses – AZN 6.676 million (9.7% more), and AZN 1.135 million (41% more).

As of 1 January 2023, EDF’s assets amounted to AZN 951.89 million (13% more than a year earlier).

EDF’s liabilities decreased 849.3-fold to AZN 20,000, including liabilities on state subsidies by 100%, and the balance sheet capital increased by 15.4% up to AZN 951.87 million.