Expressbank increases troubled loans

Expressbank increases troubled loans
# 24 April 2014 16:09 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. In the first quarter of 2014, Expressbank’s assets stood at AZN 263.183 mln, up 11.7% from previous year.

Bank says loan portfolio rose 57.8% to AZN 187.96 mln, consumer lending soared 97.6% to AZN 57.975 mln, mortgage lending (all through AMF) grew 6 times to AZN 4.305 mln. Overdue credits increased by 5.2 times to AZN 3.06 mln.

Deposit portfolio dropped 8.9% to AZN 93.938 mln, personal savings went up 40% to AZN 43.677 mln.

Total capital climbed 27.6% to AZN 130.368 mln, while authorized capital grew 28.5% to AZN 112,317,480.

Incomes raised 53.7% to AZN 11.351 mln, expenditures surged 47.9% to AZN 6.128 mln.

Profit stood at AZN 5,063,650.

For the present, the bank operates 16 branches, 70 ATMs and 623 POS-terminals across the country.

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