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Azer-Turk Bank increases assets 2.3 times

Azer-Turk Bank increases assets 2.3 times

25 April 2016 12:57 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of January 1, 2016 Azer-Turk Bank’s assets stood at AZN 671.882 mln, up 2.28 times from previous year.

Bank says the loan portfolio rose 95.62% to AZN 418.265 mln, mortgage lending surged 3.41 times to AZN 10.846 mln, overdue credits increased 72.52% to AZN 10.300 mln, deposit portfolio grew 2.64 times to AZN 539.719 mln, total capital dropped 5.29% to AZN 50.891 mln, incomes advanced 51.81% to AZN 25.923 mln.

Bank ended 2015 with AZN 4.631 mln-loss.

The bank operates 6 branches across the country.

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