AGBank gets rise in assets

AGBank gets rise in assets
# 22 April 2014 11:05 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. In the first quarter of 2014, AGBank’s assets stood at AZN 470.518 mln , up 25.9% from previous year.

Bank says the loan portfolio rose 32.1% to AZN 359.516 mln.

Consumption loans made AZN 140.610 mln, up 5.2 tims by contrast to a year earlier.

Mortgage loans were equal to AZN 62.797 mln, up 17.3% compared to previous year. AZN 46.694 mln (74.3%) of mortgage loans was given through Azerbaijan Mortgage Fund. Along with this, overdue credits dropped 11.3% to AZN 42.695 mln.

Deposit portfolio surged 24.1% to AZN 274.309 mln, personal savings soared 9.4% to AZN 192.192 mln.

Total capital increased by 13.3% to AZN 49.747 mln, authorized capital remained unchanged at AZN 25 mln.

Incomes climbed 31.4% to AZN 16.811 mln, expenditures grew 23% to AZN 13.811 mln.

Profit made AZN 943,020.

The bank operates 18 branches, 66 ATMs and 1,201 POS-terminas across the country.

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