Bank SilkWay sees 29% rise in Q1 assets

Bank SilkWay sees 29% rise in Q1 assets
# 17 April 2013 11:44 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of April 1, 2013, Azerbaijan-based Bank SilkWay’s assets stood at AZN 179.337 mln, up 29.3% from a year earlier.

Bank says the loan portfolio rose 77.7% to AZN 77.952 mln, including consumer lending rose 1.5 times to AZN 12.138 mln. At the same time, overdue credits soared 1.8 times to AZN 5.081 mln. and its share in total lona portfolio remained unchanged at 6.5%.

Deposit portfolio dropped 17% to AZN 69.710 mln. Personal savings were equal to AZN 45.015 mln, up 4.1 timers in annual comparison.

Total capital grew 81.7% to AZN 76.469 mln, as well as authorized capital doubled to AZN 70.192 mln.

Number of clients increased by 13.8% to 8,393, including individuals – by 14.7% to 8,252, legal entities dropped 21.7% to 141. Number of plastic cards was equal to 9,685, up 32.3% from a year ago. Debit cards rose 24.8% to 9,084, credit cards increased by 13.4 times to 601.

For the present, the bank operates 6 branches, 22 ATMs and 118 POS-terminals across the country.

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