“Embafinans” continues its success, last year’s net profit increased

“BOKT Embafinans” CJSC ended 2021 with a net profit of 3 million 335 thousand 610 manats. QSC closed 2020 with a net profit of 2 million 829 thousand 413 manats. Thus, compared to 2020, the net profit of BOKT Embafinans in 2021 increased by 506 thousand 197 manats or 17.9%.

Referring to the organization’s audited financial indicators, Marja.az informs that last year the interest income of BOKT Embafinans was 9 million 626 thousand 587 manats, and the fee and commission income was 177 thousand 549 manats. In 2020, the organization’s interest income was 10 million 88 thousand 437 manats, and fee and commission income was 217 thousand 166 manats. There was an increase in the net profit of “BOKT Embafinans” due to the decrease in interest, administrative expenses and provision for loan losses.

Last year, the total income of “BOKT Embafinans” was 9 million 804 thousand 136 manats, and the total expenses were 6 million 468 thousand 526 manats. For comparison, let’s note that in 2020, the total income of the company was 10 million 331 thousand 103 manats, and the total expenses were 7 million 501 thousand 690 manats.

Compared to 2020, in 2021, the loan portfolio of “BOKT Embafinans” (loans granted to customers) increased by 2 million 39 thousand 790 manats or 8.5% and reached 26 million 1 thousand 713 manats. Last year, the total assets of “BOKT Embafinans” increased by 4.6% to 32 million 418 thousand 700 manats.