(MENAFN- Trend News Agency) According to the Annual Financial Audit Report of FINCA
Azerbaijan, FINCA Azerbaijan NBCO generated 3,267K AZN of net
profit for the year 2022, that continued the positive profitability
trend of the company during the last few years.
During 2022, FINCA Azerbaijan disbursed 63m AZN in new loans to
mainly rural clients and grew its loan book by 50%. This business
growth was supported by further branch expansion from 22 to 25 in
rural regions across the country. FINCA Azerbaijan plans to
continue growth through improvement in efficiency of its operations
in 2023.
FINCA Azerbaijan worked closely with clients during 2022 to help
them to grow their businesses after going through challenging
global macro and micro economic environment.
About FINCA Azerbaijan
FINCA Azerbaijan is a leader in responsible finance, serving
small businesses across the country with loan products to promote
profitable business activity. Launched in 1998, FINCA Azerbaijan is
part of FINCA Impact Finance's global network of 16 banks and
microfinance institutions, reaching more than 2.8 million clients
in five continents.
For more information about FINCA Azerbaijan activities please
visit or official
social media accounts.
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