17:25 - 31.05.2022

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May 31, Fineko/abc.az. NBCO Embafinance CJSC, which accounts for the share of MP Mashkhur Mammadov, reduced interest income by 4.6% to AZN 9.63 million in 2021, and interest expenses by 12% to AZN 1.83 million, ABC.AZ reports with reference to the NBCO audit report.

According to the report, in 2021 its net interest income fell only by AZN 7.79 million. This figure was AZN 8 million in the previous year. The NBCO allocated AZN 254,000 to the reserve for credit losses, commission income amounted to AZN 178,000, commission expenses AZN 509,000, administrative and other expenses by AZN 2.99 million.

Thus, NBCO's net profit for the year amounted to AZN 3.34 million.

After net profit, retained earnings on the company's balance sheet amounted to AZN 6.1 million.