Finance

Finance

Bank Silk Way gets 8% rise in assets

24 January 2014 08:52 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1, 2014, Azerbaijan-based Bank Silk Way’s assets stood at AZN 203.203 mln, up 8% from previous year.

Bank says loan portfolio rose 3.2 times to AZN 147.981 mln, as well as consumer lending made AZN 17.512 mln, up 48.3% compared to a year earlier. At the same time, overdue credits soared 2.7 times to AZN 15.008 mln and had 10.1%-share in total loan portfolio, down 1.9 percentage point from a year earlier.

Deposit portfolio dropped 2.2 times to AZN 45.469 mln, as well as personal savings were equal to AZN 33.092 mln, up 16.6% in annual comparison.

Total capital surged 35.7% to AZN 102.691 mln, including authorized capital grew 38.3% to AZN 97.130 mln.

Number of clients rose 1.8% to 8,393, as well as individuals increased by 1.9% to 8,252, legal entities remained unchanged at 141. Number of plastic cards was equal to 11,558, up 25.7% form 2013. Debit cards increased by 20.5% to 10,639, credit cards – by 2.4 times to 919.

For the present, the bank operates 5 branches, 33 ATMs and 127 POS-terminals across the country.