Bank Silk Way gets rise in assets

Bank Silk Way gets rise in assets
# 31 January 2013 13:48 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1, 2013, Bank Silk Way’s assets stood at AZN 188.228 mln, up 2.4 times from 2012.

Bank says the loan portfolio rose 70.6% to AZN 45.933 mln. At the same time, consumption loans doubled to AZN 11.771 mln, overdue credits soared 17.8% to AZN 5.460 mln. Share of overdue credits in dropped 3.0 percentage points to 2.9%.

Deposit portfolio tripled to AZN 99.879 mln. Personal savings were equal to AZN 28.384 mln, up 2.9 times from previous year.

Total capital surged 85.1% to AZN 75.716 mln, as well as authorized capital doubled to AZN 70.192 mln.

Number of clients rose 1.70% to 8,251, including individuals grew 4.0% to 8,110, legal entities slipped 55.1% to 141. Plastic cards made 9,196, up 31.5% from a year ago. Debit cards climbed 27.4% to 8,816, credit cards increased by 4.9 times to 380.

At present, the bank operates 6 branches, 21 ATMs and 118 POS-terminals across eth country. Average monthly salary is AZN 750.

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