17:42 - 5.06.2023

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June 5, Fineko/abc.az. NBCO Brand Credit has published the financial indicators for 2022.

ABC.AZ reports that company's interest income in 2022 amounted to AZN 1.67 million with decrease of AZN 478,000 (22.3%), and interest expenses - about AZN 328,000 with decline of about AZN 41,000 (11.1%).

As a result, company's net interest income reduced by AZN 437,000, or 24.6% and amounted to AZN 1.342 million.

Of this amount, AZN 272,000 were allocated to the reserve for expected credit losses, resulting in net interest income of AZN 1.7 million.

In 2022, Brand Credit's general and administrative expenses amounted to AZN 596,000, while over the past year this figure has decreased by AZN 70,000, that is, by 10%.

The volume of retained earnings in 2022 reached about AZN 190,000 (about 2.7-fold less than last year's figure of AZN 326,000).