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Bank SilkWay sees 38% rise in assets year-on-year

Bank SilkWay sees 38% rise in assets year-on-year

13 July 2012 08:16 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, 2012, assets of Bank SilkWay amounted to AZN 113.786 mln, up 38% compared to last year.

During the reporting period, loan portfolio rose 84% to AZN 56.134 mln, as well as short-term loan soared 23% to AZN 14.219 mln, long-term loans increased by 2 times to AZN 36.165 mln, consumer loans grew by 2.1 times to AZN 10.410 mln.

Deposit portfolio rose 23% to AZN 84.109 mln, term deposits increased by 0.1% to AZN 480,000, demand deposits grew by 16% to AZN 72.778 mln, population deposits rose 2.1 times to AZN 10.851 mln.

During this period, the volume of troubled loans soared 4.2 times to AZN 6.611 mln. Total capital of the bank rose 15% to AZN 44.379 mln, authorized capital increased by 14% to AZN 40.020 mln.

Bank SilkWay was established in 1993 as Azal Bank. It has 6 branches, 20 ATMs and 114 POS-terminals across the country.

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