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Bank of Baku gets about 26% decline in assets

Bank of Baku gets about 26% decline in assets

02 May 2016 12:15 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of April 1, 2016 Bank of Baku’s assets stood at AZN 591,354,330, down 25.88% from previous year.

The loan portfolio fell 37.79% to AZN 386,634,490, deposit portfolio dropped 28.40% to AZN 328,759,910.

Total capital slid 29.6% to AZN 85,623,610, total capital adequacy ratio made 19.51%, up 7.51% from the norm. Authorized capital remained unchanged at AZN 52,870,000.

During the reporting period, Bank of Baku borrowed AZN 40 mln from the Central Bank of Azerbaijan. As of April 1, the bank’s liabilities amounted to AZN 518,822,220.

Undistributed profit made AZN 8,399,370.

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