Azer-Turk Bank gets 10% rise in assets

Azer-Turk Bank gets 10% rise in assets
# 22 April 2014 13:23 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. In the first quarter of 2014, Azer-Turk Bank’s assets stood at AZN 90.95 mln, up 9.9% from previous year.

Bank says the loan portfolio rose 3.4% to AZN 57.955 mln.

Consumption loans made AZN 28.837 mln, up 38.7% compared to a year earlier.

Mortgage lending through AMF stood at AZN 733 mln.

Overdue credits increased by 23.7% to AZN 5.228 mln. Deposit portfolio soared 34.2% to AZN 37.707 mln, personal savings surged 39.9% to AZN 26.159 mln.

Total capital grew 19.9% to AZN 16.663 mln, authorized capital increased by 9.8% to AZN 447.320.

Incomes surged 66.5% to AZN 6.78 mln, expenditures climbed 46.5% to AZN 7.715 mln.

Profit made AZN 843,930.

For the present, the bank operates 4 branches, 7 ATMs and 51 POS-terminals across the country.

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