Bank Of Baku

Bank Silk Way faces loss in Q2 2016

Bank Silk Way faces loss in Q2 2016
# 19 July 2016 13:32 (UTC +04:00)

Baku. Yegana Lachinzade - APA-Economics. In the second quarter of 2016, Bank Silk Way’s assets stood at AZN 364.400 mln, up 24.22% from the previous year, said a message from the bank July 19.

 

The bank says the loan portfolio rose by 47.18% to AZN 346.258 mln, deposit portfolio surged by 45.6.8% to AZN 148.207 mln, total capital increased by 3.61% to AZN 106.563 mln, and authorized capital advanced by 2.4% to AZN 101.544 mln.

 

Liabilities made AZN 257.747 mln during the reporting period.

 

As of July 1, 2016, the bank’s incomes amounted to AZN 16.615 mln, the bank’s expenses – AZN 9.951 mln.

 

The bank faced AZN 429,000 loss in the first half of 2016. 

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