Ganjabank gets rise in overdue credits

Ganjabank gets rise in overdue credits
# 01 September 2014 10:35 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. IN the second quarter of 2014, Ganjabank’s assets stood at AZN 125.496 mln, up 70.64% from previous year.

Bank says the loan portfolio rose 2.31 times to AZN 104.356 mln, consumer lending soared 2.42 times to AZN 1.215 mln, mortgage lending surged 42.15% to AZN 22.338 mln (AZN 17.817 mln through AMF).

Overdue credits made AZN 10.316 mln (9.88% of total loan portfolio).

Deposit portfolio gained 0.90% to AZN 5.617 mln, personal savings grew 3.14 times to AZN 0.587 mln.

Total capital increased by 1.94 times to AZN 51,061,500, while the authorized capital went up 1.87 times to AZN 50 mln.

Incomes climbed 3.01 times to AZN 4.688 mln expenditures raised 3.51 times to AZN 4.624 mln.

Profit made AZN 63,800.

For the present, the bank operates 5 branches, 6 ATMs and 21 POS-terminals across the country.

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