“Embafinans” has increased lending – THE FINANCIAL SITUATION OF THE ORGANIZATION IS DISCLOSED
“Embafinans” announced financial indicators for the 9 months of 2022.
Non-Bank Credit Institution “Embafinans” CJSC ended the 9th month of 2022 (January-September) with a net profit of 2 million 709 thousand manats. increased by 7%. The credit organization closed the January-September period last year with a net profit of 2 million 529 thousand manats.
Marja.az reports with reference to the organization’s financial reports that the interest income of “Embafinans” in the 9th month of 2022 compared to the 9th month of 2021 increased by 10% to 6 million 372 thousand manats, while fee and commission income decreased by 4% to 1 million. It was 312 thousand manats.
Interest expenses of “Embafinans” in the 9th month of 2022 compared to the 9th month of 2021 increased by 6% to 1 million 402 thousand manats, fee and commission expenses increased by 35% to 484 thousand manats, administrative and other operational expenses increased by 4% to 2 million It was 412 thousand manats.
Thus, the expenses of the Organization increased by 285 thousand manats in return for the increase of 509 thousand manats in its income. As a result, the profit before tax increased by 224 thousand manats.
The total assets of “Embafinans” in the 9th month of 2022 increased by 5% compared to the same period of 2021 and reached 41 million 657 thousand manats.
The loan portfolio of “Embafinans” (total loans to customers) in the 9th month of 2022 increased by 24% compared to the same period of 2021 and reached 37 million 627 thousand manats.
On September 30, 2022, “Embafinans” had a total capital of 15 million 762 thousand manats. The organization had a total capital of 16 million 783 thousand manats on September 30, 2021.
BOKT “Embafinans” CJSC offers consumer and business loans with favorable conditions, individual approach to each client and minimum clearance time.