Exspressbank gets rise in profit

Exspressbank gets rise in profit
# 23 July 2014 14:40 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. Expressbank’s assets made AZN 260.215 mln in the second quarter of 2014, up 13.31% from previous year.

Bank says the loan portfolio rose 26.68% to AZN 187.685 mln, consumer lending surged 70.53% to AZN 63.296 mln. Mortgage lending soared 3.71 times to AZN 4.683 mln (all through AMF).

Overdue credits increased by 6.39 times to AZN 1.944 mln (1.04% of total loan portfolio).

Deposit portfolio grew 3.85% to AZN 104.479 mln, personal savings climbed 39.93% to AZN 47.914 mln.

Total capital gained 8.82% to AZN 129.667 mln, authorized capital surged 10.43% to AZN 112,317,480.

Incomes rose 47.70% to AZN 23.048 mln, expenditures – 59.35% to AZN 16.686 mln.

Profit made AZN 6,361,550.

The bank operates 16 branches, 73 ATMs and 3,589 POS-terminals across the country.

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