Last year BOKT “Embafinans” grew sharply and ended the year with a net profit
Non-Bank Credit Institution “Embafinans” CJSC ended 2022 with a net profit of 3 million 170 thousand manats.
Marja.az reports with reference to the organization’s financial reports that the interest income of “Embafinans” increased by 718 thousand manats or 7.5% in 2022 compared to 2021 and amounted to 10 million 344 thousand manats. In 2021, the total interest income of the organization was 9 million 626 thousand manats.
Fee and commission income of “Embafinans” increased by 74 thousand 321 manats or 41.8% to 251 thousand 870 manats in 2022 compared to 2021.

INCOME EXCEEDED 10 MILLION MANAT
In 2022, the total operating income of “Embafinans” was 10 million 596 thousand 424 manats, the total operating expenses were 6 million 502 thousand 666, and the operating profit was 4 million 93 thousand 759 manats.
For comparison, let’s note that in 2021, the total operating income of “Embafinans” was 9 million 804 thousand 136 manats, the total operating costs were 5 million 584 thousand 454 manats, and the operating profit was 4 million 219 thousand 682 manats.
LOANS GRANTED TO CUSTOMERS GRANTED DRAPERLY
The credit portfolio of “Embafinans” (total loans given to customers) increased by 11 million 888 thousand manats or 45.7% in 2022 compared to 2021 and reached 37 million 890 thousand manats. At the end of 2021, the organization had a total loan portfolio of 26 million 2 thousand manats.

ASSETS GROWN TO 11 MILLION MANAT
Last year, total assets of “Embafinans” increased by 10 million 995 thousand manats or 34% to 43 million 415 thousand manats.
On December 31, 2022, “Embafinans” CJSC had a total capital of 16 million 269 thousand manats.
BOKT “Embafinans” CJSC offers consumer and business loans with favorable conditions, individual approach to each client and minimum clearance time.