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Azerbaijan Industry Bank sees fall in consumer lending

Azerbaijan Industry Bank sees fall in consumer lending

25 April 2014 13:32 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. Azerbaijan Industry Bank’s assets stood at AZN 383.534 mln in the first quarter of 2014, up 2.3 times from previous year.

Bank says loan portfolio rose 24.4% to AZN 126.045 mln.

Consumption loans made AZN 32.164 mln, down 43.1% by contrast to a year earlier.

As of April 1, the mortgage loans soared 17% to AZN 570,950 (AZN 457,430 or 80% through AMF).

Deposit portfolio increased by 3.7 times to AZN 220.678 mln, personal savings – by 2.2 times to AZN 64.446 mln.

Total capital surged 92% to AZN 63.159 mln, while authorized capital soared 2.1 times to AZN 60 mln.

Incomes approximately grew 3.4 times to AZN 15.029 mln, expenditures – 4.2 times to AZN 14.626 mln.

Bank’s profit stood at AZN 402,550.

For the present, the bank operates 9 branches, 46 ATMs and 5413 POS-terminals across the country.

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