NBCO "MJ Financial Services" earned net profit of about 2 million manats last year
Non-bank credit organization (NBCO) "MJ Financial Services" has released its financial indices for 2023.
Last year, the credit structure earned a net profit of 1.9 million manats, which is up by 0.1% from a year earlier.
At the beginning of this year the assets of "MJ financial Services" amounted to 12.95 million manats, which is up by 4.3% from the beginning of the last year, including a loan portfolio 6.3% more - 12.4 million manats.
Given this, the NBCO liabilities amounted to 9.8 million manats (6% less), the balance sheet capital -3.15 million manats (58.1% more), including the authorized capital - 0.3 million manats (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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