Bank Of Baku

Azerbaijan Industry Bank ends 2015 with profit

Azerbaijan Industry Bank ends 2015 with profit
# 22 January 2016 10:22 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of January 1, 2016, Azerbaijan Industry Bank’s assets stood at AZN 690.399 mln, up 64.53% compared to January 1, 2015.

 

Bank says the loan portfolio fell 3.17% to AZN 161.975 mln, consumption loans declined 43.79% to AZN 14.949 mln, mortgage loans slid 16.71% to AZN 662,300 (al given through AMF), overdue credits raised 18.18% to AZN 7.220 mln, deposit portfolio surged 83.03% to AZN 425.702 mln, and personal savings soared 3.22 times to AZN 351.809 mln.

 

Total capital increased 6.25% to AZN 71,584,080, while authorized capital remained unchanged at AZN 60 mln.

 

Revenues shed 36.44% to AZN 24.918 mln, expenditures dropped 2.21 times to AZN 15.117 mln.

 

Profit amounted to AZN 2,556,580.

 

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