Bank Of Baku

AGBank ends Q1 on loss

AGBank ends Q1 on loss
# 03 May 2016 10:39 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of April 1, 2016, AGBank’s assets stood at AZN 517,262,000, up 0.5% from early 2016.

 

Bank says the loan portfolio dropped 2.18% to AZN 366.407 mln, overdue credits amounted to AZN 88.058 mln (24% of loan portfolio).

 

The liabilities slipped 5.84% to AZN 434.425 mln, deposit portfolio slid 27.6% to AZN 220.260 mln, and personal savings fell 34.1% to AZN 157.522 mln.

 

Authorized capital quadrupled to AZN 101,503,102, total capital increased 54.8% to AZN 82,836,978.  

 

The bank faced AZN 6,627,715.14-loss in the first quarter.

 

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