BAKU, Azerbaijan, October 14. Unicapital Investment Company is the number one in the Azerbaijani capital market with an annual growth of financial assets by 33 percent, Director of Digital Products, Projects and Business Process at Unicapital Vugar Namazov told Trend.
According to him, Azerbaijan has 13 licensed investment organizations, out of which 11 are members of the Baku Stock Exchange.
"As part of Unibank, Unicapital has long been the stock market participant. The company is leading the market with annual financial asset growth of 33 percent. Our one-third dependence on the parent company is a good indicator for the local market, and we're aimed to reduce this dependence as far as possible," Namazov said.
He stressed that Unicapital's assets amounted to 10 million manat ($5.88 million).
"The company managed to enter the Top 5 investment Azerbaijani companies by assets due to its funds. The company's profitability increased by 72 percent in 2021 compared to 2020, and doubled compared to 2019. Apart from positive financial indicators, recognition constitutes another essential factor. Following this factor, we are included in the Top 3 investment companies of Azerbaijan," added Namazov.
