Gunay Bank faces loss in second quarter

Gunay Bank faces loss in second quarter
# 18 July 2014 14:42 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. In the second quarter of 2014, Gunay Bank’s assets stood at AZN 38.858 mln, down 0.7% from previous year.

Bank says the loan portfolio rose 1.24% to AZN 35.200 mln, consumer lending slipped 55.55% to AZN 0.801 mln, overdue credits rose 5.2 times to AZN 0.029 mln, deposit portfolio advanced 5.02% to AZN 9.949 mln, personal savings fell 25.56% to AZN 6.507 mln.

Total capital surged 20.32% to AZN 16.308 mln, authorized capital grew 38.93% to AZN 18.094 mln.

Incomes increased by 8.54% to AZN 0.908 mln, expenditures slipped 26.08% to AZN 0.394 mln.

Bank’s loss made AZN 554,740.

The bank operates 1 branch, 1 ATM and 4 POS-terminals across the country.

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