Bank Of Baku

Azer-Turk Bank gets profit in third quarter

Azer-Turk Bank gets profit in third quarter
# 22 October 2014 14:13 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. In the third quarter of 2014, Azer-Turk Bank’s assets stood at AZN 91.176 mln, up 0.44% from previous year.  

 

Bank says the loan portfolio rose 3.69% to AZN 68.249 mln, consumption loans raised 36.91% to AZN 37.656 mln. Mortgage loans made AZN 1.917 mln (AZN 0.777 mln were given through AMF). Overdue credits increased 13.50% to AZN 5.825 mln.

 

Deposit portfolio dropped 1.81% to AZN 39.090 mln, personal savings surged 73.45% to AZN 23.364 mln.

 

Total capital soared 14.50% to AZN 17.415 mln, while the authorized capital grew 9.83% to AZN 13,447,320.  

 

Incomes went up 59.40% to AZN 13.600 mln, expenditures ended 67.95% higher at AZN 12.072 mln.  

 

Profit made AZN 1,527,500.

 

The bank operates 4 branches, 9 ATMs and 48 POS-terminals across the country.  

 

 

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