17:29 - 29.05.2025

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May 29, Fineko/abc.az. Non-bank credit institution Payonix finished 2024 with net loss of 171,000 manats, which is almost twice as much as in 2023, when the loss amounted to 96,839 manats.

ABC.AZ reports that in 2024, the organization earned 43,479 manats, of which 42,787 manats were interest income on loans given.

Since the organization had just started its operations in the previous year, no data was recorded for that period.

Salary expenses in 2024 exceeded 150,000 manats, which is 84.5% more than in 2023 (81,000 manats).

The assets of Payonix at the end of 2024 amounted to 1.94 million manats, whereas in 2023 this figure was 1.3 million manats - that is, there was a drop of 206,000 manats or 15.8%.

The most significant reduction is observed in cash: from 1.3 million manats in 2023 to 184,000 manats in 2024.

Nevertheless, in 2024, for the first time, the organization formed loan portfolio in the amount of 490,000 manats.

Due to the increase in losses, NBCO's equity declined from 1.203 million manats to 1.32 million manats.