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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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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