The subsidiary of the British company “Oxfam” in Azerbaijan, the non-bank credit organization “Finance for Development”, has published its financial indices for the first half of 2023.
In January-June, the credit organization earned AZN 310, 000, or $182,000 of net profit.
This is down by 28% from the same period of the last year.
As of the beginning of July this year, the assets of “Finance for Development: amounted to 38.35% more than at the beginning of July last year – 11.3 million manats, including a loan portfolio of 27% more – 10.3 million manats.
The NBCO’ liabilities amounted to 4.4 million manats (79.3% more), the balance sheet capital – 6.9 million manats (20.7% more), including the authorized capital -0.3 million manats (unchanged).

Source: Turan News Agency