Muganbank gets 17% rise in assets

Muganbank gets 17% rise in assets
# 31 October 2014 13:21 (UTC +04:00)

Baku. Parviz Nuriyev-APA-Economics. As of October 1, 2014, Muganbank’s assets stood at AZN 371.996 mln, up 16.57% from previous year.

Bank says the loan portfolio made AZN 277.610 mln, up 18.10% compared to a year earlier.

Consumption loans rose 2.01 times to AZN 10.454 mln, mortgage loans surged 14.42% to AZN 38.985 mln.

Overdue credits surged 72.09% to AZN 16.151 mln. Deposit portfolio soared 13.83% to AZN 132.336 mln, personal savings increased 18.92% to AZN 107.681 mln.

Total capital grew 11.19% to AZN 56.426 mln, authorized capital went up 9.68% to AZN 45.306 mln.

Incomes advanced 30.77% to AZN 41.180 mln, expenditures raised 28.66% to AZN 34.560 mln.

Profit made AZN 6.620 mln.

The bank operates 39 branches, 57 ATMs and 659 POS-terminals across the country.

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