Azer-Turk Bank gets 38% rise in assets

Azer-Turk Bank gets 38% rise in assets
# 13 August 2013 10:08 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of July 1 2013, assets of Azer-Turk Bank made AZN 89.444 mln (+38.4%).

During the reporting period, loan portfolio of the bank grew by 50.1% to AZN 61.660 mln, consumer loans made AZN 24.037 mln by rising 20.8%. Overdue credits soared 58.6% to AZN 4.848 mln. Share of overdue credits in total loan portfolio rose 0.5% to 7.9%.

Deposit portfolio jumped 11.1% to AZN 33.062 mln.

Total capital rose 15.6% to AZN 14.447 mln as well as authorized capital jumped 5.2% to AZN 12.243 mln.

Number of total customers increased by 19.5% to 31,280, as well as individuals rose 20.2% to 30,302, legal entities dropped 4.8% to 978. Number of plastic cards stood at 2,984 as of July 1 2013, up 11.3% compared to last year. Debit cards increased by 19.0% to 1,958, credit cards slipped 1.0% to 1,026.

At present time, the bank operates 4 branches, 7 ATMs, 44 POS-terminals and 144 employees across the country.

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