The Norwegian organization earned a net profit of 0.6 million manats in the Azerbaijani market last year
The Norwegian organization earned a net profit of 0.6 million manats in the Azerbaijani market last year
The Azerbaijani non-bank credit organization "Viator Micro Kredit Azerbaycan"– a subsidiary of the Norwegian organization "Viator AS", has released its financial indices for 2023.
Last year, the credit structure earned a net profit of 0.6 million manats, which is up by 4 times from a year earlier.
As of the beginning of this year, the assets of "Viator Micro Kredit Azerbaycan" were 22.5% more than at the beginning of the last year – 8.8 million manats, including a loan portfolio 29.5% more – 8.1 million manats. Liabilities of the NBCO amounted to 3.7 million manats (38.3% more), the balance sheet capital - 5.1 million manats (13.2% more), including the authorized capital -0.7 million manats (unchanged).
Finance
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The Accounting Chamber has revealed shortcomings in the Baku State University and the Azerbaijan State Academy of Physical Culture and Sport.
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In 2023, the salary costs of employees of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 9.8 million manats. This is stated in the financial statements of the Fund, which were audited at the end of the last year.
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Azerbaijan's justified state budget expenditures totalled AZN 4,948 million in the first half of 2024.
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As of the end of June 2024, credit unions in Azerbaijan had a balance sheet capital of AZN 9.1 million. This is stated in the credit union review published by the Central Bank of Azerbaijan.
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