AFBank gets AZN 10 ml rise in authorized capital

AFBank gets AZN 10 ml rise in authorized capital
# 18 July 2014 14:16 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. During the second quarter of 2014, AFBank’s assets made AZN 273.691 mln, up 22.93% from previous year.

Bank says the loan portfolio rose 27.72% to AZN 200.306 mln, consumer lending stood at AZN 38.092 mln, up 35.51% by contrast to a year earlier.

Mortgage lending rose 2.8 times to AZN 15.979 mln (AZN 15.201 mln through AMF).

Overdue credits dropped 41.54% to AZN 8.822 mln, deposit portfolio fell 1.62% to AZN 69.068 mln, personal savings soared 8.18% to AZN 5.472 mln.

Total capital surged 30.93% to AZN 64.642 mln, authorized capital increased by 23.62% to AZN 52.347 mln.

Incomes grew 20.83% to AZN 13.291 mln, expenditures went up 26.94% to AZN 9.819 mln.

Profit stood at AZN 3.473 mln.

The bank operates 14 branches, 38 ATMs and 1,095 POS-terminals across the country.

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