Mugan Bank sees 32% rise in Q1 loan portfolio

Mugan Bank sees 32% rise in Q1 loan portfolio
# 18 April 2011 08:43 (UTC +04:00)
Baku. ELnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan-based Mugan Bank’s loan portfolio stood at AZN 142.566 mln, up 32% from year earlier.

Bank says consumption loan rose 37% top AZN 22.083 mln, loans given through AMF soared 73% to AZN 19.696 mln, overdue credits surged 2.2 times to AZN 2.979 mln.

Total deposit portfolio extended 19.2% to AZN 66.302 mln, including population’s deposit grew 25.8% to AZN 56.577 mln, term deposit advanced 27.1% at AZN 52.737 mln, demand deposits climbed 9.4% to AZN 3.841 mln.

Remind that, Mugan Bank has been in operation since 1992. The bank operates 30 branches, 37 ATMs and 78 POS-terminals across the country.
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