NBC Bank sees increase in troubled loans

NBC Bank sees increase in troubled loans
# 26 November 2014 10:48 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. NBC Bank’s assets in the third quarter of 2014 stood at AZN 135.005 mln, up 27.64% from previous year.

Consumer loans made AZN 68.326 mln, up 1.48% from previous year.

Bank says the loan portfolio rose 34.23% to AZN 115.046 mln, overdue credits rose 2.05% to AZN 6.314 mln, deposit portfolio grew 16% to AZN 58.748 mln.

Total capital soared 54.66% to AZN 49.819 mln, while the authorized capital surged 75.38% to AZN 46, 536,000.

Bank’s incomes increased by 27.62% to AZN 14.502 mln, expenditures rose 86.60% to AZN 14.122 mln.

Bank’s income during the first nine months of 2014 accounted to AZN 381,000.

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