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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Branches and branches of the country's banks, as well as branches of the "Azərpoçt" company of the Ministry of Digital Development and Transport and currency exchange offices will be open on non-working days on June 15-19.
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Prospects for future cooperation between central banks of Azerbaijan and Central Asian countries were considered, as well as potential integration of payment infrastructure of the countries was discussed.
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In the first quarter of 2024, the capital outflow from Azerbaijan (negative balance of the country's financial account) amounted to $1,594.5 million.
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In January-May 2024, the total turnover of 12 investment companies-members of the Baku Stock Exchange (BSE) amounted to 25.3 billion manats.
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