BAKU, Azerbaijan, May 27. The net profit of Premier Kredit LLC, a non-banking credit organization (NBCO), amounted to 28,000 manat ($16,471) by the end of 2023 (a 45.1 percent decrease over the year compared to the 2022 figure), Trend reports.
According to NBCO's financial report, its pre-tax profit amounted to 35,000 manat ($20,588) (a 45.3 percent decrease), and income tax payments amounted to 7,000 manat ($4,117) (a 46.2 percent decline).
Besides, as of January 1, 2024, NBCO's assets amounted to 2.3 million manat ($1.3 million) (61.5 percent growth), and customer loans amounted to 2.1 million manat ($1.2 million).
However, by the end of 2023, NBCO's liabilities amounted to 2 million manat ($1.1 million) (growth of 73.4 percent), and its balance sheet capital - 348,000 manat ($204,712) (growth of 15.6 percent)
To note, Premier Kredit NBCO was established in 2014. The authorized capital of the company is 401,000 manat ($235,889).
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