Finance

Finance

Bank SilkWay sees increase in financial measures

23 July 2013 14:30 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of July 1, 2013, Azerbaijan-based Bank SilkWay’s assets stood at AZN 178.042 mln, up 56.4% compared to a year earlier.

Bank says loan portfolio doubled to AZN 111.064 mln, as well as consumer lending made AZN 13.234 mln, up 26.9% from 2012. At the same time, overdue credits fell 30.3% to AZN 4.630 mln. Share of overdue credits in loan portfolio slid 2.8 times to 4.2%.

Deposit portfolio dropped 26.7% to AZN 45.402 mln, as well as personal savings were equal to AZn 30.608 mln, up 3.2 times in annual comparison.

Total capital rose 2.3 times to AZN 101.723 mln, including authorized capital increased by 2.3 times to AZN 93.734 mln.

Number of clients rose 4.4% to 8,393, as well as individuals increased by 5.2% to 8,252, legal entities decreased by 27.3% to 141. As of July 1, the number of plastic cards made 10,573, up 33.2% from 2012, including debit cards grew 24.2% to 9,724, credit cards – 7.7 times to 849.

The bank operates 6 branches, 23 ATMs and 127 POS-terminals across the country.