“Embafinans” ended 2024 with a profit of 7 million 208 thousand manats.

In the same period of 2023, the profit of the bank was 5 million 325 thousand manats, which means a 35.4% increase in profit compared to the previous year.

THEIR INCOME GROWS

Interest income of "Embafinans" increased by 35.2% compared to last year to 20 million 704 thousand manats, fee and commission income increased by 75% to 231 thousand manats.

Embafinans GROWS, ITS LOAN PORTFOLIO INCREASES

As of December 31, 2024, the total assets of the bank were 69 million 992 thousand manats, which is a 19.4% increase compared to the previous year. Loans granted to customers amounted to 61 million 997 thousand manats. Thus, the credit portfolio of the NBCI has grown by 21%.

During the reporting period, the total liabilities of "Embafinans" increased from 40 million 40 thousand manat to 44 million 190 thousand manat, and the total capital increased from 18 million 594 thousand manat to 25 million 802 thousand manat.

EmbaFinans is a Non-Banking Credit Organization operating under the license No. BKT-10 dated 30.07.2012 issued by the Central Bank of the Republic of Azerbaijan. NBCI "EmbaFinans" CJSC currently operates with Consumer and Micro-business credit products.