Baku, Azerbaijan, Sept. 18
By Eldar Janashvili – Trend:
The total liabilities in the balance sheet of the Azerbaijani MCB Leasing company for 2018 amounted to 5.129 million manats, Trend reports referring to the company’s financial report.
The company's liabilities decreased by 30 percent compared to the previous year.
A significant part (87.6 percent) of the company's total liabilities accounted for secured loans, which decreased by 8.4 percent and amounted to 4.492 million manats. Other long-term liabilities amounted to 500,000 manats.
Some 137,000 manats accounted for short-term liabilities. Thus, the volume of short-term liabilities of MCB Leasing in relation to the same indicator for the previous year decreased by more than 14.5 times.
The company’s total capital increased by 25.7 percent up to 3.107 million manats through a decrease in uncovered loss by 35 percent from 1.811 million manats to 1.177 million manats.
(1 USD = 1.7 AZN on Sept. 18)
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