Muganbank increases overdue credits

Muganbank increases overdue credits
# 19 January 2015 08:46 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of January 1, 2015, Muganbank’s assets stood at AZN 427.926 mln, up 25.71% from previous year.

Bank says the loan portfolio rose 32.68% to AZN 291.328 mln, consumption loans surged 2.1 times to AZN 127.529 mln, overdue credits soared 65.43% to AZN 15.799 mln (5.42% of loan portfolio).

Mortgage loans grew 10.57% to AZN 39.926 mln, deposit portfolio increased 14.16% to AZN 162.217 mln, personal savings went up 16.70% to AZN 116.016 mln.

Liabilities advanced 2.3 times to AZN 48,983,780, total capital climbed 7.92% to AZN 54,055,735, authorized capital raised 9.68% to AZN 45,305,800.

Incomes added 37.91% to settle at AZN 59,309,110, expenditures enhanced 41.56% to AZN 53,188,900, net profit made AZN 4,697,670.

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

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