BAKU, Azerbaijan, June 1. The net profit of Azerbaijani EmbaFinans non-bank credit organization (NBCO) amounted to 3.3 million manat ($1.9 million) in 2021, Trend reports with reference to company's accounting report, published in 'Respublika' newspaper.
According to the data confirmed by the audit report, interest income of EmbaFinans amounted to 9.6 million manat ($5.6 million) in 2021, commission income – 177,550 manat ($104,400).
Interest expenses of NBCO amounted to 1.8 million manat ($1.05 million) last year, commission expenses – 508,970 manat ($299,300), administrative expenses - 2.9 million manat ($1.7 million).
Profit of EmbaFinans before taxes in 2021 amounted to 4.2 million manat ($2.4 million), income tax payments – 884,070 manat ($520,000).
The assets of NBCO increased by 4.6 percent - up to 32.4 million manat ($19.05 million) in 2021, capital - by 2.1 percent, up to 16.09 million manat ($9.4 million), liabilities - by 7.2 percent, up to 16.3 million manat ($9.5 million).
