Finance

Finance

Azer-Turk Bank gets 11% rise in assets

31 January 2014 09:20 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1, 2014, Azerbaijan-based Azer-Turk Bank’s assets stood at AZN 94.481 mln, up 10.8% from previous year.

Bank says the loan portfolio rose 23.9% to AZN 67.863 mln, as well as consumer lending made AZN 29.402 mln, up 36.1% from a year earlier. At the same time, overdue credits soared 48.5% to AZN 4.948 mln and share in loan portfolio surged 1.2 percentage point to 7.2%.

Deposit portfolio grew 41.6% to AZN 36.381 mln, including personal savings were equal to AZN 26.807 mln, up 50.6% in annual comparison.

Total capital increased by 16.1% to AZN 15.871 mln, as well as authorized capital went up 10.3% to AZN 13.447 mln.

Number of clients dropped 18.8% to 23,797, as well as individuals soared 19.7% to 22,797, legal entities surged 4.0% to 1,000. Number of plastic cards was equal to 3,747, up 32.1% in annual comparison. Debit cards advanced 33.3% to 2,377, credit cards raised 36.6% to 1,370.

For the present, the bank operates 4 branches, 7 ATMs and 50 POS-terminals across the country.