BAKU, Azerbaijan, May 27. Net profit of non-banking credit organization (NBCO) TCF LLC for 2023 amounted to 612,000 manat ($360,010) (2.3 percent growth over the year compared to 2022), Trend reports.
According to the financial report of the LLC, its pre-tax profit amounted to 858,000 manat (70.2 percent growth), and income tax payments amounted to 246,000 manat ($144,710) (5.1 percent growth).
Meanwhile, as of January 1, 2024, NBCO's assets amounted to 16.9 million manat ($9.9 million) (1.9 percent growth), and customer loans amounted to 15.8 million manat ($9.2 million).
Furthermore, as of the end of 2023, NBCO's liabilities amounted to 15.1 million manat ($8.8 million) (1.9 percent decrease), and its balance sheet capital amounted to 1.8 million manat ($1. million) (48.9 percent growth)
To note, TCF LLC was established in 2010. The authorized capital of the company is 450,000 manat ($264,714).
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