Bank Of Baku

Muganbank ends Q2 on profit

Muganbank ends Q2 on profit
# 19 August 2016 15:35 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of July 1, 2016, Muganbank’s assets stood at AZN 512.779 million, up 17.01% from previous year.

 

Bank says the loan portfolio rose 3.95% to AZN 344.571 million. Overdue credits made 13.85% of the loan portfolio.

 

Total capital grew 13.38% to AZN 59.446 million, the authorized capital surged 21.4% to AZN 55 million.

 

Revenues ascended 24.06% to AZN 32.124 million, expenditures descended 47.08% to AZN 16.987 million.

 

Profit amounted to AZN 124,000. 

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