AGBank gets 10% rise in assets last year

AGBank gets 10% rise in assets last year
# 05 March 2013 13:24 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1 2013, assets of AGBank made AZN 346.494 mln (+10.2%).

During the reporting period, loan portfolio of the bank grew by 19.6% to AZN 249.990 mln, consumer loans made AZN 24.068 mln by rising 47.0%. Overdue credits soared 16.5% to AZN 40.177 mln. Share of overdue credits in total loan portfolio dropped 0.4% to 16.1%.

Deposit portfolio rose 18.6% to AZN 220.282 mln. Population deposits stood at AZN 190.014 mln up 19.1% from a year earlier.

Total capital rose 19.9% to AZN 42.561 mln as well as authorized capital jumped 25% to AZN 25.0 mln.

Number of total customers increased by 28.7% to 75,043, as well as individuals rose 25.9% to 72,060, legal entities soared 2.8 times to 2,983. Number of plastic cards stood at 63,639 as of January 1 2013, up 28.0% compared to last year. Debit cards increased by 28.1% to 48,665, credit cards grew by 27.1% to 14,984.

At present time, the bank operates 16 branches, 55 ATMs, 1,132 POS-terminals and 579 employees across the country.

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