12:44 - 29.05.2025

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May 29, Fineko/abc.az. According to NBCO Inkişaf üçün Maliyə (FinDev) financial report for 2024, the company ended the year with net profit of 685,000 manats.

ABC.AZ reports, referring to NBCO's annual audit report, this indicator declined by 127,000 manats, or 15.6%, compared to 2023, when the net the profit amounted to 813,000 manats.

At that, retained earnings increased by 1.69 million manats, or 25.8%, reaching 7.304 million manats.

In 2024, FinDev's interest expenses grew to 432,000 manats (73,000 manats, or 20.3% more than in the previous year).

Administrative and operating expenses in 2024 amounted to 2.207 million manats (167,000 manats, or 8.2% higher than in 2023). Remuneration and commission expenses decreased by 11,000 manats, or 7.7%, to 135,000 manats.

As of the end of 2024, FinDev's total liabilities reached 3.255 million manats (689,000 manats, or 17.5% less than 3.944 million manats a year earlier). The total capital reached 8.55 million manats.