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Expressbank sees 12% rise in assets

24 October 2014 07:36 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. In the third quarter of 2014, Azerbaijan-based Expressbank’s assets stood at AZN 285.961 mln, up 11.61% in annual comparison.

Bank says the loan portfolio rose 28.42% to AZN 210.290 mln, consumption loans raised 48.67% to AZN 63.012 mln, overdue credits fell 26.63% to AZN 35.065 mln (16.67% of loan portfolio) and mortgage loans soared 3.21 times to AZN 4.665 mln (all given through AMF).

Deposit portfolio dropped 0.72% to AZN 108.067 mln, personal savings soared 39.58% to AZN 50.976 mln.

Total capital increased 8.87% to AZN 130.735 mln, authorized capital – 9.02% to AZN 122.456 mln.

Incomes made AZN 35.550 mln, up 41.35% from previous year. Expenditures advanced 56.40% to AZN 28.334 mln.

Profit stood at AZN 7.216 mln.

The bank operates 16 branches, 76 ATMs and 4,513 POS-terminals across the country.