Bank Of Baku

Bank Melli Iran Baku's total capital falls below minimum volume set by Central Bank

Bank Melli Iran Baku
# 25 October 2016 08:50 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. Bank Melli Iran Baku’s assets in the third quarter of 2016 stood at AZN 88.938 million, up 4.4% from previous year.

 

Bank says the loan portfolio dropped 13.2% to AZN 8.506 million, deposit portfolio slid 7% to AZN 2.52 million, and liabilities grew 6.9% to AZN 53.136 million.

 

Total capital dropped 30.24% to AZN 35.801 million, which is lower than the requirements of the Centra Bank on total capital. 

 

Authorized capital remained unchanged at AZN 51,433,671.44.

 

The bank ended the nine months of 2016 on loss of AZN 15,655,974.05.

 

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