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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The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
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In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
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In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
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