NBCO "M Bulak" earned more than AZN 4 million in net profit last year
The non-banking credit organisation (NBCO) "N Bulak" has published its financial indices for 2023.
Last year, the credit organisation earned a net profit of AZN 4.2 million, which is up by 43.6% from the previous year.
As of the beginning of the current year, "M Bulak"s assets totalled AZN25.2 million, which is up by 29.5% from the beginning of the last year, including the loan portfolio by 30.6% more - AZN24.4 million. At that, NBCO's liabilities totalled AZN1.75 million (10.3 times more), the balance sheet capital - AZN23.45 million (21.6% more), including the authorised capital - AZN10.4 million (unchanged).
Finance
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As of the end of June 2024, the 'Mortgage and Credit Guarantee Fund' had deposits in Azerbaijani banks in the amount of AZN 4.6 million. This is reported in the semi-annual financial statements of the Fund.
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The Central Bank of Azerbaijan (CBA) has issued a licence for currency exchange activity (‘Exchange’) to 'Money Shop' company.
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As of the end of October 2024 Azerbaijan had a monetary base worth 20,474.9 million manats.
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A financial forum is planned to be held in Nakhchivan by this year's end. This is reported on the unified internet portal of public procurement.
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