13:05 - 8.05.2024

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May 8, Fineko/abc.az. Non-bank credit organization Falcon Finance LLC has announced net profit by the end of 2024 in the amount of more than 309,000 manats (in 2022 - about 21,000 manats).

ABC.AZ informs that according to NBCO's annual audit report, its interest income increased 2.5-fold compared with 2023 up to 1,547 manats.

After the net profit for 2023, the accumulated loss on the balance sheet of its capital in the amount of 20,000 manats over the years was replaced by retained earnings in the amount of 289,000 manats.

The volume of assets of Falcon Finance has doubled up to 6,188 manats. The main cause of growth of assets is the growth of the loan portfolio from 2,945 manats to 5,986 manats.

Last year, the NBCO acted as a source of financing on the stock market, and a debt obligation on bonds in the amount of 704,000 manats arose. In total, it has obligations in the amount of 4,898 manats.