Finance

Finance

Expressbank sees 31% rise in assets

23 July 2013 12:22 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of July 1, 2013, Azerbaijan-based Expressbank’s stood at AZN 229.649 mln, up 31.3% in comparison to a year earlier.

Bank says the loan portfolio rose 33.6% to AZN 148.1557 mln. At the same time, consumer lending made AZN 33.855 mln, up 30.9% from previous year. Overdue credits dropped 6.1 times to AZN 0.304 mln and their share in loan portfolio fell 8.5 times to 0.2%.

Deposit portfolio went down 38.8% to AZN 104.764 mln, as well as personal savings were equal to AZN 34.243 mln, up 5.9% compared to a year earlier.

Total capital grew 37.0% to AZn 119.157 mln, including authorized capital raised 29.1% to AZN 101.707 mln.

Number of clients rose 10.6% to 52,109, as well as individuals soared 10.5% to 51,648, legal entities – 54.9% to 461. Number of plastic cards made 27,325, down 11.1% in annual comparison. Debit cards declined 12.7% to 26,234, credit cards – surged 65.6% to 1,091.

For the present, the bank operates 14 branches, 62 ATMs and 263 POS-terminals across the country.