Non-banking credit organisation "Azfinans" earned paltry profit last year
The NBCO "Azfinans" has published its financial indices for 2023.
Last year the credit organisation earned a net profit of only AZN 2,000 (the previous year it finished with a loss of AZN 3,000).
Recall that "Azfinans" assets at the beginning of this year were 4% more than at the beginning of last year - AZN 389,000, including the loan portfolio 16.6% more - AZN 373,000. At that, NBCO's liabilities amounted to AZN 88,000 (14.3% more), the balance sheet capital - AZN 301,000 (1.3% more), including the authorized capital - AZN 300,000 (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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