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.