Bank Of Baku

Muganbank ends third quarter with profit

Muganbank ends third quarter with profit
# 22 October 2015 08:17 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of October 1, 2015, Muganbank’s assets stood at AZN 477.548 mln, up 28.37% from previous year.

 

Bank says the loan portfolio rose 19% to AZN 330.299 mln, consumption loans raised 62.21% to AZN 169.563 mln, mortgage loans surged 2.66% to AZN 40.022 mln, overdue credits soared 33.16% to AZN 21.507 mln (6.51% of loan portfolio), deposit portfolio grew 29.02% to AZN 170.744 mln, personal savings advanced 44.33% to AZN 155.420 mln.

 

Total capital fell 0.29% to AZN 56.260 mln, authorized capital climbed 10.6% to AZN 50 mln.

 

Incomes increased 19.48% to AZN 49.203 mln, expenditures ascended 37.13% to AZN 47.393 mln.

 

Profit amounted to AZN 1,810,780.

 

The bank operates 44 branches, 57 ATMs and 659 POS-terminals across the country.

 

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