The Central Bank of Azerbaijan has published a review of non-bank credit organizations (NBCO) following the results of January-September 2022.

The document says that the Azerbaijani NBCOs have gained a net profit of 23.7 million manats over 9 months.

This is up by 4.2 times from the same period of the last year.

In the reviewed period, the NBCOs gained 69.2 million manats of interest income, 14 million manats of interest-free income, incurred 12.5 million manats of interest expenses, 42.6 million manats of interest-free expenses, created 2.5 million manats of special reserves for overdue loans, paid 1.9 million manats of income tax

Source: Turan News Agency