12:00 - 15.11.2023

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November 15, Fineko/abc.az. Non-bank credit organization KredAqro LLC became commercial in 2022, but it cannot bring such income as before, ABC.AZ reports with reference to Credagro’s annual audit report.

Thus, in 2022, the NBCO received 1.109 million of interest income, which is 76,000 manats or 6% less than a year earlier. At that, credit institution’s interest expenses decreased from 248,000 to 77,000 manats and non-interest expenses from 3 million to 2.177 million manats.

Thus, net profit amounted to 284,000 manats. The company finished 2021 with loss of 1.439 million manats.

As of January 1, 2023, retained earnings in the amount of 2.865 million manats were formed on the capital balance.