11:03 - 30.05.2025

---

May 30, Fineko/abc.az. NBCO Irshad LLC (Irşad), affiliated with Irsad Electronics, ended last year with net loss of 68,000 manats. This figure is 37.7-fold higher than the loss recorded in 2023.

ABC.AZ informs that this is stated in NBCO's financial report for 2024. So, in 2023, the loss amounted to only 1,804 manats.

This credit institution has received a license only since September 2024.

Because of loss of 70,000 manats in retained earnings, the total capital of the company decreased from 998,000 manats to 930,000 manats. The NBCO entered the market with authorized capital of 1 million manats.

On the other hand, company's liabilities increased sharply - from 1,804 to 163,000 manats. The main reason for the growth was the emergence of new leasing obligations in the amount of 158,000 manats.