Bank Of Baku

Azerbaijan Credit Bank’s main financial performances decrease

Azerbaijan Credit Bank’s main financial performances decrease
# 11 April 2014 08:55 (UTC +04:00)

Baku. Ilkin Ahmadov - APA-Economics. As of April 1, 2014, Azerbaijan Credit Bank’s assets stood at AZN 19.241 mln, down compared to a year earlier.

 

Bank says the loan portfolio dropped 13.5% to AZN 23.060 mln.

 

Deposit portfolio sank 12.4% to AZN 8.061 mln, as well as personal savings were equal to AZN 8.050 mln, 12.2% down in annual comparison.

 

Total capital rose 40.2% to AZN 6.126 mln, including authorized capital made AZN 11,429,380. 

 

Bank ended first quarter of 2014 with AZN 946,830 net profit. It faced AZN 2,438,840 loss first quarter of last year.

 

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