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Accessbank gets 43% rise in Q1 assets

Accessbank gets 43% rise in Q1 assets

13 May 2013 11:52 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of April 1, 2013, Azerbaijan-based Accessbank’s assets stood at AZN 560.352 mln, up 43.2% from previous year.

Bank says the loan portfolio rose 45.3% to AZN 455.658 mln. Consumer lending made AZN 50.031 mln, up 52.4% from a year earlier. At the same time, the overdue credits soared 17.0% to AZN 3.908 mln and its share in total loan portfolio dropped 0.2 percentage points to 0.9%.

Deposit portfolio surged 17.5% to AZn 150.391 mln, as well as personal savings were equal to AZN 103.877 mln, down from 2012.

Total capital grew 10.8% to AZN 101.068 mln, including authorized capital increased by 25.4% to AZN 85.000.

The bank operates 36 branches across the country.

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