“MCB NBCO” CJSC has continued successful operations during 2024 and achieved good financial results.Company adhered to its priority of business lending to competitive sectors of the economy and disbursed more than AZN 25 million business loans and leasing to local entrepreneurs. As a result, for the first time in Company’s history the business loan portfolio exceeded AZN 33 million which marked 37% increase compared to previous year. Company’s net equity increased by 24% and amounted up to AZN 9 million and after-tax profit was more than AZN 1.6 million.
The achievements have been maintained due to international best practice and risk management applied by the Company in its operations and strong support given by shareholder MCB Bank limited. As a priority “MCB NBCO” will continue business lending and contribute to development of real sector in coming years as well.