NBCOs with profit of over AZN 3 million

16:04 - 24.07.2023

July 24, Fineko/abc.az. 16 out of the 56 non-bank credit organizations operating in Azerbaijan had no profit before taxation last year.

ABC.AZ reports that among them are AzFinans, Azmikroinvest, FNC, Azəri Star Mikromaliyyə, Caspian Invest, Aset Maliyyə Texnologiyaları, Finans Invest, Azinvestkredit, Executive Credit Agency, Birkart, Prior Credit, SF Azerbaijan, Azərbaycan Mikro-Kredit, Kredaqro, Finex Kredit and Para. The highest level of losses was recorded on Para (AZN 1.825 million) and the lowest on AzFinans (AZN 3,000).

The remaining 36 NBCOs received pre-tax profits in various amounts. In six of them, this figure exceeded AZN 3 million. Among them are PSG Finans (AZN 6.67 million), Azpul (AZN 4.426 million), Embafinans (AZN 4.094 million), City Finance (AZN 3.825 million), M Bulak (AZN 3.515 million) and Finka Azerbaycan (AZN 3.5 million).

Eight of the remaining 30 NBCOs have pre-tax profit of AZN 1 million to AZN 3 million, 13 NBCOs – AZN 100,000 to AZN 1 million, and 9 NBCOs - less than AZN 100,000.