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 analysis shows that the economic growth in Azerbaijan in 2026-2028 will be fully ensured at the expense of the non-oil and gas sector.This is stated in the conclusion of the Accounting Chamber on the Draft Law ‘On State Budget for 2025’.
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In January-August 2024, two state financial institutions of Azerbaijan jointly paid dividends in the amount of AZN 169.9 million, or about $100 million. This is stated in the conclusion of the Accounting Chamber over the Draft Law ‘’On State Budget for 2024‘’.
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President Ilham Aliyev's decree of 28 March 2022 ‘On Approval of the Upper Limit of Ratio of Non-oil Base Budget Deficit to Non-oil Gross Domestic Product (GDP)’ is not honoured.This is stated in the conclusion of the Accounting Chamber on the Draft Law ‘On State Budget for 2025’.
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In 2025, the subsistence minimum in Azerbaijan will amount to AZN 305 for able-bodied population, AZN 232 for pensioners and AZN 246 for children. This is stated in the Draft Law ‘On Subsistence Minimum for 2025’.
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