Union Credit used its assets in the worst way last year among the 36 NBCOs operating in Azerbaijan.
banks.az reports that its last year's loss made up 2.1% of assets. In terms of the ratio of annual profit to assets, Viza Kredit occupies the 2nd place (44.9%) and Executive Credit Agency - 3rd place (36.2%). Eight NBCOs (Asset Financial Technologies, Azeri Star Micromaliya, Azpul, Caspian Invest, Finans Kredit, Omni Finance, Para and Pro Credit) did not submit a report for 2020, and four NBCOs (AzFinance , Azcredit, FNC and Nas Project) entered the microfinance market in 2021.
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