FINCA Azerbaijan Discloses Annual Audit Report For 2023
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 4. FINCA Azerbaijan," a
Non-Bank Credit Institution, concluded 2023 with a net profit of
AZN 3,908,000. In comparison, the organization had achieved a net
profit of AZN 3,267,000 in 2022. Consequently, the net profit of
"FINCA Azerbaijan" experienced a growth of AZN 641,000 or 19.6% in
2023 compared to 2022.
the interest income of "FINCA Azerbaijan" surged from AZN
11,854,000 in 2022 to AZN 17,713,000 in 2023, marking a significant
increase of AZN 5,859,000 or 49.4%.
During 2023, FINCA Azerbaijan disbursed 77m AZN in new loans to
mainly rural clients and grew its loan book by 27%. FINCA
Azerbaijan plans to continue growth through improvement in
efficiency of its operations in 2024.
FINCA Azerbaijan worked closely with clients during 2023 to help
them adapt their businesses to the existing micro and macroeconomic
conditions.
The organization stated, " The organization stated, "As a member
of a global network dedicated to providing honest and efficient
financial services to help low-income individuals and small-scale
farmers invest in their future, FINCA Azerbaijan has maintained the
diversity of its loan offerings to meet the growing market demands
during the reporting period"."
Furthermore, "FINCA Azerbaijan" continues to facilitate customer
applications online through its updated website, finca.
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 formally in 1999, FINCA
Azerbaijan is part of FINCA Impact Finance's global network of 15
banks and microfinance institutions, reaching more than 3.4 million
clients in five continents.
For more information about FINCA Azerbaijan activities please
visit
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