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 Central Bank of Azerbaijan (CBA) has approved the ‘Concept of Policy on Risk-Based Control’. This is reported on the website of the structure.
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If 2 years ago a share of local revenues in the budget of the Nakhchivan Autonomous Republic was 20-25%, by this year's end a share of local revenues will exceed 50%.
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The Central Bank of Azerbaijan (CBA) has given binding instructions to 'Azsığorta', 'Atəşgah Insurance', 'İpək Yolu Insurance', 'Xalq Həyat Insurance', 'Aqrar Insurance' and 'AzRe Təkrarsığorta'. This is reported on the CBA website.
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The NBCO 'Para will hold a regular general meeting of shareholders on 4 February at 11:00.
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