Non-bank credit organization Union Credit (NCO) has announced its financial performance for 2021.

Last year the credit organization lost AZN 0.1 million which is down by 49.6% from the previous year.

Since the beginning of this year, assets of the NCO amounted to AZN 0.1 million, including a loan portfolio nearly 31 times less – just AZN 5,000. Liabilities of NCO made up AZN 0.3 million (26.2% up), deficit of balance capital – AZN 0.2 million (the capital went into deficit), including authorized capital – AZN 0.5 million (unchanged).

Source: Turan News Agency