BAKU, Azerbaijan, May 19. Net profit of Azerbaijani Brand Credit non-bank credit organization (NBCO) amounted to 575,220 manat ($338,300) in the end of 2021, Trend reports citing the financial report of company.
According to audited conclusion, Brand Credit's interest income amounted to 2.1 million manat ($1.2 million) in 2021.
Interest expenses of NBCO amounted to 368,000 manat ($216,400) in 2021, administrative and other operating expenses – 667,000 manat ($392,000), commission expenses – 23,800 manat ($14,000).
Profit of Brand Credit before taxes amounted to 693,500 manat ($407,000) at the end of 2021, tax payments on profit – 118,200 manat ($69,500).
NBCO's assets grew by three percent to 5.2 million manat ($3.05 million) in 2021, capital by 13.6 percent to 2.4 million manat ($1.4 million) and liabilities by 4.4 percent to 2.8 million manat ($1.6 million).
