Finance

Finance

Azer-Turk Bank gets 34% rise in assets

28 November 2013 09:52 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of October 1, 2013, Azerbaijan-based Azer-Turk Bank’s assets stood at AZN 96.746 mln, up 34.4% from previous year.

Bank says the loan portfolio rose 40.0% to AZN 65.821 mln, as well as consumer lending made AZN 27.504 mln, up 26.7% by contrast to 2012. At the same time, overdue credits increased by 53.6% to AZN 5.132 mln and share in total loan portfolio grew 0.7 percentage point to 7.8%.

Deposit portfolio surged 28.2% to AZN 39.812 mln, including personal saving were equal to AZN 13.470 mln , down 22.0% compared to 2012.

Total capital soared 14.3% to AZN 15.210 mln, as well as authorized capital remained unchanged at AZN 12.243 mln.

Number of clients rose 19.3% to 32,788, as well as individuals surged 20.0% to 31,787, juridical persons fell 5.0% to 1,001. Number of plastic cards made 3,341, up 17.9% in annual comparison. Debit cards grew 22.2% to 2,187, credit cards – 12.5% to 1,154.

For the present, the bank operates 4 branches, 7 ATMs and 45 POS-terminals across the country.