15:44 - 25.05.2023

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May 25, Fineko/abc.az. TCF BOKT LLC has published financial indicators for 2022.

ABC.AZ reports that the company for some reason decided to declare the annual report incomplete. Most of the report has not been made public.

With reference to company’s incomplete report, it is informed that in 2022, NBCO's interest income grew by about AZN 1 million compared with 2021, from AZN 1.9 million to AZN 2.8 million.

And company's interest expenses almost doubled from AZN 503,000 to AZN 1 million.

As a result, NBCO ended the year with net interest income of AZN 1.796 million.

In addition, TCF allocated AZN 588,000 for creation of reserves for impairment. NBCO's operating expenses grew by 33.5%, that is, by AZN 177,000 up to AZN 706,000.

As a result, in 2022, company's pre-tax profit amounted to AZN 503,000 (about 2-fold less than in 2021 – AZN 916,000.

TCF’s net profit in 2022 after paying income tax in the amount of AZN 234,000 totaled AZN 270,000. Compared with 2021, net profit decreased 3-fold.