Bank Of Baku

Azerbaijan Credit Bank sees decline in deposits

Azerbaijan Credit Bank sees decline in deposits
# 02 September 2014 13:39 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. Azerbaijan Credit Bank’s assets in the second quarter of 2014 made AZN 18,733 mln, down 11.90% compared to a year earlier.  

 

Bank says the loan portfolio fell 13.12% to AZN 16.705 mln, consumer lending dropped 2.01 times to AZN 4.032 mln and overdue credits stood at AZN 7.669 mln, up 4.43% in annual comparison.

 

 

Deposit portfolio shed 17.74% to AZN 7.753 mln, personal savings were equal to AZN 7.740 mln, down 17.48% by contrast to a year earlier.

 

Total capital grew 31.05% to AZN 5.918 mln, while the authorized capital remained unchanged at AZN 11, 429,380.

 

Profit made AZN 1,738,000.

 

 

 

 

 

 

 

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