Baku. Yegane Lachinzade - APA-Economics. As of January 1, 2016, Azerbaijan-based Muganbank’s assets stood at AZN 658.191 mln, up 32.78% in annual comparison.
Bank says the loan portfolio grew 28.59% to AZN 374.609 mln, consumption loans surged 51.58% to AZN 193.312 mln, and overdue credits advanced 55.3% to AZN 24.536 mln (6.55% of loan portfolio).
Mortgage lending climbed 1.31% to AZN 40.451 mln, deposit portfolio increased 47.77% to AZN 239.713 mln, personal savings went up 84.88% to AZN 214.494 mln.
Liabilities ascended 23.87% to AZN 100,158,810, total capital raised 1.54% to AZN 54,890,016, authorized capital gained 10.36% to settle at AZN 50 mln.
Revenues surged 18.72% to AZN 70,414,180, expenditures soared 31.01% to AZN 69,685,430, net profit made AZN 437,450.
The bank operates 44 branches, 57 ATMs and 659 POS-terminals across the country.
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