Bank Of Baku

AGBank gets rise in total capital

AGBank gets rise in total capital
# 14 July 2014 14:56 (UTC +04:00)

Baku. Parviz Nuriyev - APA-Economics. In the second quarter of 2014, AGBank’s asserts stood at AZN 479.247 mln, up 15.96% from previous year.

 

Bank says the loan portfolio rose 24.34% to AZN 374.674 mln, consumer lending soared 19.32% to AZN 143.023 mln, car loans dropped 8.06% to AZN 13.091 mln.

 

As of July 1, 2014, bank’s mortgage loans stood at AZN 61.769 mln (AZN 47.446 mln or 76.81% given through AMF), up 9.5% from 2013. 

 

Overdue credits surged 19.66% to AZN 45.598 mln.

 

Deposit portfolio increased by 17.46% to AZN 277.654 mln, personal savings were equal to AZN 234.882 mln, up 18.92% by contrast to a year ago.

 

Total capital grew 2.45% to AZN 51.250 mln, while the authorized capital remained unchanged at AZN 25 mln.

 

Incomes rose 23.12% to AZN 33.937 mln, expenditures went up 19.57% to AZN 28.346 mln.

 

Profit made AZN 3.257 mln.

 

For the present, the bank operates 18 branches, 65 ATMs and 2,238 POS-terminals across country. 

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