11:56 - 1.07.2020

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July 1, Fineko/abc.az. Non-bank credit organization Brand Credit has released its financial results for 2019.

ABC.AZ reports that as a whole, NBCO's loan portfolio decreased by 2.8% in 2019.

Last year, Brand Credit’s administrative expenses amounted to AZN 364,300. For comparison, this is by 13.7% less than a year earlier.

In particular, the salaries of employees decreased by 6.8%. Not only wages are reduced.

Organization’s net profit for the reported period fell by 14 times against 2018 and amounted to 5,579 manats.