Bank Of Baku

Azer-Turk Bank triples assets

Azer-Turk Bank triples assets
# 25 April 2016 13:23 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of April 1, 2016 Azer-Turk Bank’s assets stood at AZN 1,233.746 mln, up 3.23 times from previous year.

 

Bank says the loan portfolio increased 55.37% to AZN 417.441 mln, mortgage lending advanced 8.57 times to AZN 16.299 mln, overdue credits surged 2.14 times to AZN 15.941 mln, deposit portfolio climbed 33.91% to AZN 359.852 mln, and total capital increased 8.94% to AZN 60.718 mln.

 

Profit amounted to AZN 7,889,460.

 

The bank operates 6 branches across the country.

 

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