This is according to the bank’s consolidated financial statements and audit opinion, APA-Economics reported.
During the reporting period, the bank’s loan portfolio fell by 28.3% to become 5,635,583,000 manats.
During the reporting period the bank’s liabilities dropped dramatically. So, while this figure was 8,512,184,000 manats in 2014, it amounted to 12,943,235,000 manats by the end of 2015. During the year, the bank's liabilities increased by 52%.
Last year, the bank’s authorized capital saw an increase of 8.66% to become 641,287,000 manats, while total regulatory capital increased by 4.15% to become 714,040,000 manats.
Note that the bank finished 2015 with a loss of 823,610,000 manats.
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