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Mugan Bank extends loan portfolio by 30% last year

Mugan Bank extends loan portfolio by 30% last year

31 January 2012 08:15 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. As of January 1, 2012, Mugan Bankâ€™s loan portfolio made AZN 173.858 mln, up 295 compared to last year.

During the reporting period, volume of consumption loans rose 64% to AZN 31.536 mln, overdue credits grew by 3.7 times to AZN 4.684 mln, mortgage loans via AMF increased by 39% to AZN 29.939 mln, mortgage loans via the bankâ€™s own program rose 14 times to AZN 4.282 mln.

Deposit portfolio extended 11% to AZN 91.132 mln, term deposits rose 18% to AZN 62.409 mln, demand deposits decreased by 2.8% to AZN 28.724 mln, population deposits rose 20% to AZN 67.742 mln.

Remind that, Mugan Bank has been in operation since 1992. It operates 30 branches, 51 ATMs, 89 POS-terminals and 556 employees across the country.

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