BOKT “Embafinans” JSC announced its financial indicators for the first half of 2023 (January-June).

“Embafinans” completed the first 6 months of 2023 with a net profit of 2 million 82 thousand manats. Compared to the same period last year, the net profit of the Organization increased by 294 thousand manats or 16%.

THEIR INCOME GROWS

The increase in net profit is due to the increase in revenues. Thus, in the first 6 months of 2023, the interest income of “Embafinans” increased by 35% to 5 million 611 thousand manats, and the fee and commission income increased by 27% to 1 million 119 thousand manats compared to the same period last year.

LOAN PORTFOLIO EXCEEDS 50 MILLION MANAT

Interest in “Embafinans” loans is also confirmed by the growth of the loan portfolio. Compared to June 30, 2022, the Organization’s loan portfolio (loans granted to customers) increased by 18 million 90 thousand manats or 53% and reached 52 million 111 thousand manats on June 30, 2023.

THE ORGANIZATION HAS GROWN

During the comparable period, the total assets of BOKT “Embafinans” increased by 48% to 56 million 679 thousand manats.

On June 30, 2023, “Embafinans” had a total capital of 15 million 411 thousand manats, which is 4% more than the same period last year.

It should be noted that the Non-Bank Credit Institution “Embafinans” CJSC ended 2022 with a net profit of 3 million 170 thousand manats. The loan portfolio of Embafinans (total loans granted to customers) in 2022 was 11 million 888 in 2022 compared to 2021. thousand manats or increased by 45.7% and reached 37 million 890 thousand manats. Last year, the total assets of “Embafinans” increased by 10 million 995 thousand manats or 34% to 43 million 415 thousand manats.

BOKT “Embafinans” CJSC offers consumer and business loans with favorable conditions, individual approach to each client and minimum clearance time.