Unicapital I.C. OJSC has announced its financial results for 2023

According to the announcement, the annual revenue increased by 416,000 AZN compared to the previous year, reaching 3,210,000 AZN. In line with its 2023-2025 strategic plan and advanced corporate governance standards, Unicapital I.C. has chosen the path of active development and institutional strengthening. Therefore, the majority of the revenue earned has been directed towards risk management, the development of sales channels, and the creation of new digital products in accordance with the company's strategic development directions. As a result, an increase in expenses in these areas has been observed. Unicapital Investment Company OJSC ended 2023 with a net profit of 224,000 AZN.

Against the backdrop of expanding existing business lines and creating new, effective business directions, fee and commission income increased by 21% in 2023, reaching 2,350,000 AZN. As a result, the company's total assets increased by 2,000,000 AZN compared to the previous period, reaching 20,426,000 AZN.

It should be noted that the charter capital of Unicapital Investment Company OJSC is 100% owned by Unibank Commercial Bank Open Joint-Stock Company.