Muganbank sees 20% rise in assets in 2012

Muganbank sees 20% rise in assets in 2012
# 30 January 2013 08:39 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1, 2013, assets of Muganbank stood at AZN 291.808 mln, up 19.9% compared to 2012.

During the reporting period, loan portfolio rose 16.7% to 202.897 mln, as well as consumer loans made AZN 47.479 mln (+50.8). At the same time, overdue credits grew by 33.6% to AZN 6.256. Share of overdue credits in loan portfolio increased by 0.4% to 3.1%. Deposit portfolio soared 27.9% to AZN 161.167 mln. Population deposits were equal to AZN 85.320 mln, which is 26.0% more in annual comparison.

Total capital rose 42.4% to AZN 45.070 mln, authorized capital jumped 67.7% to AZN 37.306 mln.

Number of customers increased by 16.0% to 68,238, number of individuals rose 16.0% to 63,097, legal entities soared 16.6%% to 5,141. Number of plastic cards stood at 9,612, which is 6.9% more in annual comparison. Debit cards rose 9.6% to 8,786, credit cards decreased by 15.1% to 826.

Muganbank has been in operation since 1992.

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