17:11 - 11.05.2023

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May 11, Fineko/abc.az. NBCO Finex Kredit has published its financial results for 2022.

ABC.AZ informs with reference to company's report that its net interest income decreased by AZN 269,000, or almost 2-fold, to AZN 296,000 last year against 2021. In 2021, NBCO’s net income amounted to AZN 565,000.

The general administrative expenses reduced by AZN 180,000, or by 18.5%, from AZN 974,000 to AZN 794,000 this year.

As a result, NBCO’s net loss grew by about 35% or AZN 109,000 up to AZN 421,000. Finex Kredit also operated at a loss in 2021 and ended the year with net loss of AZN 311,000.

In 2022, NBCO assets reached AZN 5.385 million (AZN 246,000 or 4.4% less than a year earlier).

The loan portfolio last year amounted to AZN 3.319 million (AZN 250,000 or 7% less than in 2021).