Bank Of Baku

Muganbank gets 18% rise in assets

Muganbank gets 18% rise in assets
# 16 July 2014 11:56 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Muganbank’s assets stood at AZN 368.147 mln, up 17.53% from previous year.

 

Bank says the loan portfolio rose 16.07% to AZN 257.925 mln, as well as consumer lending made AZN 88.090 mln, up 89.8% from previous year. Overdue credits soared 33% to AZN 12.836 mln.

 

Deposit portfolio surged 31.95% to AZN 145.951 mln, personal savings were equal to AZN 111.027 mln, up 20.75% from previous year.

 

Total capital raised 8.01% to AZN 53, 796,000, authorized capital surged 9.68% to AZN 45,306,000.

 

Incomes rose 24% to AZN 26.151 mln, expenditures grew 31% to AZN 22,615,000.

 

Profit stood at AZN 3,536,000.

 

The bank operates 38 branches, 57 ATMs and 659 POS-terminals across the country.

 

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