15:25 - 11.06.2024

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June 11, Fineko/abc.az. Aran Kredit Ittifaqı LLC observed a significant decline on interest income for 2023 compared with the previous year.

ABC.AZ reports that company’s assets contained 82,000 manats of interest income. In 2022, this figure was 109,000 manats, according to company’s financial statements.

If at the beginning of 2023 the credit union gave loans to individuals in the amount of 204,000 manats, by the end of the year it had grown to 219,000 manats.

The loan portfolio grew by 7% in 2023.

Net profit by the end of 2023 totaled 1,465 manats against 181,000 manats of interest income. In 2022, the net profit reached 309 manats.