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Xalg Bank gets 20% rise in assets last year

27 February 2013 14:09 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1 2013, assets of Xalg Bank made AZN 854.609 mln (+19.5%).

During the reporting period, loan portfolio of the bank grew by 46.7% to AZN 663.526 mln, consumer loans made AZN 38.762 mln by rising 72.4%. Overdue credits dropped 19.9% to AZN 10.846 mln. Share of overdue credits in total loan portfolio went down 1.4% to 1.6%.

Deposit portfolio doubled to AZN 523.674 mln (+24.7%). Population deposits stood at AZN 405.498 mln (+32.3%).

Total capital rose 10.4% to AZN 191.386 mln as well as authorized capital jumped 20.4% to AZN 169.099 mln.

Number of total customers increased by 22.6% to 27,014, as well as individuals rose 22.4% to 25,397, legal entities soared 26.4% to 1,617. Number of plastic cards stood at 16,652 as of January 1 2013, up 48.0% compared to last year. Debit cards increased by 41.8% to 13,875, credit cards grew by 89.7% to 2,777.

At present time, the bank operates 21 branches, 36 ATMs, 118 POS-terminals and 461 employees across the country.