Bank Of Baku

AccessBank increases troubled loans 2.5 times

AccessBank increases troubled loans 2.5 times
# 24 October 2014 08:40 (UTC +04:00)

Baku. Parviz Nuriyev - APA-Economics. In the third quarter of 2014, AccessBank’s assets stood at AZN 970.388 mln, up 37.20% from previous year.

 

Bank says the loan portfolio rose 36.76% to AZN 765.661 mln, consumption loans went up 27.55% to AZN 87.740 mln, mortgage loans surged 72.19% to AZN 26.278 mln and overdue credits increased 2.49 times to AZN 6.427 mln.

 

Deposit portfolio grew 46.49% to AZN 270.229 mln, personal savings were equal to AZN 191.974 mln, up 53.15% by contrast to a year earlier.  

 

Total capital ended 33.96% higher at AZN 158.296 mln, while the authorized capital remained unchanged at AZN 85 mln.

 

Incomes soared 32.70% to AZN 132.340 mln, expenditures rose 27.46% to AZN 91.409 mln.

 

Profit stood at AZN 32,101,780.

 

The bank operates 42 branches, 58 ATMs and 423 POS-terminals across the country.   

 

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