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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In January-May 2024, Azerbaijan's strategic foreign exchange reserves grew by $1.3 billion or 1.8% to $69.7 billion.
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The Central Bank of Azerbaijan has kept the discount rate at 7.25%.
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In the first quarter of 2024, $131.5 million was transferred abroad from Azerbaijan. This was reported by the Central Bank of Azerbaijan.
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"Prior Credit", a non-banking credit organisation, has released its financial results for 2023.
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