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Unibank’s loss reaches AZN 11M


Azerbaijan-based Unibank’s assets in the nine months of 2017 stood at AZN 604.823 million, down 16.88% from previous year.

 

Bank says the loan portfolio fell 36.55% to AZN 280.613 million, of which AZN 168.368 million or 60% were given to individuals.

 

Deposit portfolio rose 2.8% to AZN 377.262 million, liabilities dropped 14.68% to AZN 561.833 million, revenues surged 49.18% to AZN 59.330 million, expenditures soared 2.57-fold to AZN 55.709 million. In the reporting period, bank allocated AZN 14.376 million for special reserves.

 

Unibank concluded the three quarters with AZN 10.755 million in loss.

 

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