Baku, Azerbaijan, Aug. 19
By Eldar Janashvili - Trend:
Mol Bulak, a non-bank credit organization (NBCO) in Azerbaijan, ended 2018 with a net profit of 1.552 million manats, while 2017 was completed with a profit of 528,000 manats, Trend informs referring to the audited report of the organization.
The organization’s profit has more than tripled in a year.
According to the audited report, the organization’s net interest income amounted to 5.17 million manats (annual growth - 41.6 percent) and was formed from interest income in the amount of 5.5 million manats (annual growth - 26.5 percent) and interest expenses of 325,000 manats (more than doubled).
Non-interest income at the end of 2018 increased almost four times and amounted to 500,000 manats. Non-interest expenses amounted to 115,000 manats, having decreased by 2.5 times. Thus, operating revenue for the year amounted to 5.56 million manats, having increased by 60 percent compared to the previous year.
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