Bank Of Baku

Mugan Bank Q1 assets rise 21%

Mugan Bank Q1 assets rise 21%
# 30 April 2012 08:24 (UTC +04:00)
Baku Elnur Huseynguluyev - APA-Economics. As of April 1, 2012, Mugan Bank’s assets stood at AZN 248.620 mln, up 21% from a year earlier.

During the reporting period, loan portfolio of the bank rose 30% to AZN 185.318 mln, deposit portfolio grew by 39% to AZN 92.353 mln, total capital soared 29% to AZN 34.252 mln, as well as authorized capital rose 27% to AZN 28.306 mln.

The number of total customers grew by 33% to 62,118, as well as number of individuals increased by 38% to 57,643, legal entities dropped 5.2% to 4,475. The number of plastic cards rose 20% to 8,811, debit cards increased by 21% to 7,918, credit cards rose 13% to 893.

Remind that, Mugan Bank has been in operation since 1992. It has 30 branches, 51 ATMs, 96 POS-terminals and 572 employees across the country.
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