Falcon Finance's interest income has fallen sharply

12:34 - 22.10.2024


October 22, Fineko/abc.az. Non-bank credit organization Falcon Finance LLC announced net profit for the first 6 months of 2024 in the amount of more than 421,000 manats. This figure was about 107,000 manats in the same months of 2023.

ABC.AZ informs that according to NBCO's semi-annual report, the interest income almost halved against 2023 to 249,000 manats.

Falcon Finance’s assets increased by 10.2% in the first half of 2024 up to 6.57 million manats. The main reason for growth of assets is growth of the loan portfolio from 5.34 million manats to 5.87 million manats.