NBCO "Kepez" improved its net profit by 52%

"Kepez" LLC Non-Bank Credit Organization (NBCO) completed 2019 with a net profit of 176 thousand manats.

According to NBCO's financial report, this is 51.7% higher than in 2018.

Kepez's pre-tax profit was 220,000 manats last year, up 57.1% from the previous year, while profit tax payments were 44,000 manats, up roughly 86%.

The assets of "Kepez" were 2.8 million manats as of January 1, this year, which was more than double the previous year. Customers received net loans of 2.6 million manats. NBCO's loan portfolio increased by 93.3% in 2019.

The liabilities of "Kepez" rose by 96.6% to 2 million manats during the reporting period, while the balance capital increased by 2.1 times to 818 thousand manats, including the charter capital, which climbed by 86.7% to 560 thousand manats.