17:37 - 3.06.2025

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June 3, Fineko/abc.az. AzFinans LLC ended 2024 with net loss of 38,700 manats.

ABC.AZ informs, referring to NBCO’s annual audit report, that this is a decrease of 40,600 manats or 21.43% compared with net profit of 1,900 manats in 2023.

Overall earnings amounted to 108,100 manats (12,500 manats or 10.4% less versus 120,600 manats in 2023. The main dropwas recorded in the income of the loan origination fee - from 23,600 manats to 8,200 manats, that is, a decline of 65%.

Assets fell from 388,900 manats to 315,900 manats, decreasing by 73,000 manats or by 18.8%. And the loan portfolio dropped from 372,700 manats to 314,100 manats, that is, by 58,600 manats, or by 15.7%. And the total capital decreased from 301,100 manats to 263,900 manats, which means a drop of 37,200 manats, or 12.3%.