Bank Of Baku

Bank of Baku sees 57% rise in overdue credits

Bank of Baku sees 57% rise in overdue credits
# 21 October 2014 14:07 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. In the third quarter of 2014, Azerbaijan-based Bank of Baku’s assets stood at AZN 706.733 mln, up 10.47% from previous year.

 

Bank says the loan portfolio rose 16.07% to AZN 605.661 mln.

 

Overdue credits surged 56.95% to AZN 42.266 mln deposit portfolio raised 10.38% to AZN 40.118 mln.

 

Total capital increased 6.72% to AZN 135.611 mln, authorized capital remained unchanged at AZN 52,870,000.

 

Incomes grew 26.37% to AZN 100.939 mln, expenditures – 46.92% to AZN 61.140 mln.

 

Bank’s profit during nine months of 2014 made AZN 39.798 mln.

 

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