Azer-Turk Bank gets rise in personal savings

Azer-Turk Bank gets rise in personal savings
# 15 July 2014 11:40 (UTC +04:00)

Baku. Parviz Nuriyev - APA-Economics. In the second quarter of 2014, Azer-Turk Bank’s assets stood at AZN 97.931 mln, up 9.49% compared to a year earlier.

Bank says the loan portfolio soared 7.12% to AZN 66.050 mln, consumer lending grew 31.52% to AZN 31.613 mln, mortgage lending stood at AZN 1.318 mln (AZN 0.765 mln given through AMF).

Overdue credits advanced 8.68% to AZN 5.269 mln, deposit portfolio raised 23.33% to AZN 40.776 mln, personal savings went up 37.91% to AZN 27.273 mln.

Total capital increased by 16.54% to AZN 16.836 mln, while the authorized capital grew 9.84% to AZN 1.479 mln.

Incomes rose 85.88% to AZN 10.107 mln, expenditures soared 90.6% to AZN 9.132 mln.

Profit stood at AZN 975,250.

For the present, the bank operates 4 branches, 8 ATMs and 49 POS-terminals across the country.

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