BAKU, Azerbaijan, May 30. The net profit of Azerbaijani Aqrarkredit non-bank credit organization (NBCO) amounted to 1.19 million ($700,000) manat in 2021, Trend reports with reference to company's accounting report, published in Xalq qazeti newspaper.
According to the data confirmed by the audit report, Aqrarkredit's operating income amounted to 6.4 million manat ($3.7 million) in 2021, including a commission income – of 330,020 manat ($194,100).
Operating expenses of NBCO totaled 4.9 million manat ($2.8 million), including commission expenses – 781,250 manat ($459,550).
Aqrarkredit's profit before taxes in 2021 amounted to 1.4 million manat ($823,500), income tax payments – 267,590 manat ($157,400).
The assets of NBCO decreased by 1.05 percent - to 12.1 billion manat ($7.1 billion) in 2021, liabilities - by 1.06 percent - to 12.07 billion manat ($7.11 billion), and capital - increased by 4.14 percent - to 25.4 million manat ($14.9 million).
