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“Finance Invest” NBCO suffered losses worth 0.1 million manats last year

Non-bank credit organization “Finance Invest” has published its financial indices for 2022.

The credit organization suffered losses worth 0.1 million manats last year, which is up by 38.8% from a year earlier.

As of the beginning of this year, the assets of “Finance Invest” amounted to 1.5 million manats – 13.5% less than at the beginning of the last year, including a loan portfolio 16.6% less – 1.25 million manats. NBCO liabilities amounted to 0.4 million manats (22.7% less), the balance sheet capital – 1.1 million manats (9.6% less), including the authorized capital -0.3 million manats (unchanged).

Source: Turan News Agency