17:49 - 20.05.2021

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May 20, Fineko/abc.az. Non-bank credit organization (NBCO) Kredaqro LLC ended 2020 with loss of AZN 1.416 million.

ABC.AZ reports that the NBCO finished 2019 with net profit of AZN 6.646 million.

As of 1 January 2021 Kredaqro's assets amounted to AZN 11.357 million (8.2% less year-on-year).

Of them, the net loans given to customers amounted to AZN 6.143 million.

In 2020, NBCO's loan portfolio decreased by 8%.

Over the reporting period Kredaqro's liabilities increased by 11.1% up to AZN 5.29 million, while its balance sheet capital decreased by 20.4% to AZN 6.7 million.