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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Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
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The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
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The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
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According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
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