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AGBank gets rise in assets

29 October 2014 13:45 (UTC +04:00)

Baku. Parviz Nuriyev - APA-Economics. In the third quarter of 2014, AGBank’s assets stood at AZN 506.707 mln, up 16.41% from previous year.

Bank says the loan portfolio rose 18.57% to AZN 376.470 mln, consumption loans raised 7.72% to AZN 140.352 mln, car loans fell 31.51% to AZN 11.304 mln, mortgage lending dropped 1.48% to AZN 60.045 mln (AZN 47.225 mln or 78.65% given tjrough AMF), and overdue credits grew 22.86% to AZN 47.950 mln.

Deposit portfolio increased 19.24% to AZN 299.131 mln, personal savings went up 10.57% to AZN 233.004 mln.

Total capital soared 3.79% to AZN 52.854 mln, while the authorized capital remained unchanged at AZN 25 mln.

Incomes surged 20.45% to AZN 51.522 mln, expenditures advanced 18.08% to AZN 43.235 mln.

Profit made AZN 4.925 mln.

The bank operates 18 branches, 71 ATMs and 2,998 POS-terminals across the country.