BTB Capital gets sixfold increase in assets

BTB Capital ended 2019 at AZN 6,000 in loss, down 88% from the previous year, Report informs.

The pre-tax loss dropped 86% to AZN 9,000, savings on profit tax slipped 80% to AZN 3,000.

As of January 1, 2020, BTB Capital’s assets increased by sixfold to AZN 1.8 million. In the reporting period, the liabilities approximately soared by 170 times to AZN 869,000, net worth went up 3.15-fold to AZN 943,000, authorized capital surged 2.9-fold to AZN 1 million.

BTB Capital was established in 2018. Bank BTB wholly owns the company.