Bank Of Baku

AGBank gets 7% rise in assets

AGBank gets 7% rise in assets
# 03 February 2015 08:46 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of January 1, 2015, AGBank’s assets stood at AZN 500.021 mln, up 6.98% from previous year.

 

Bank says the loan portfolio rose 6.30% to AZN 374.939 mln, consumption loans fell 2.64% to AZN 138.737 mln, mortgage loans dropped 4.63% to AZN 60.326 (AZN 47.710 mln or 79.09% given through AMF), overdue credits went up 64.53% to AZN 65.535 mln.

 

Deposit portfolio increased 9.18% to AZN 298.031 mln, personal savings slipped 12.71% to AZN 199.959 mln.

 

Total capital grew 2.65% to AZN 51.398 mln, authorized capital remained unchanged at AZN 25 mln.

 

Incomes soared 16.63% to AZN 69.220 mln, expenditures surged 11.87% to AZN 59.328 mln.

 

Profit made AZN 3,493.

 

The bank operates 18 branches, 71 ATMs and 6,557 POS-terminals across the country.

 

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