NCB Bank faces loss in first quarter

NCB Bank faces loss in first quarter
# 12 May 2014 15:48 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. NBC Bank’s assets in the first quarter of 2014 stood at AZN 122.028 mln, up 37.5% from previous year.

Bank says the loan portfolio rose 32.6% to AZN 98.281 mln, overdue credits dropped 4.1% to AZN 6.959 mln, deposit portfolio grew 36% to AZN 57.138 mln.

Total capital soared 41.3% to AZN 37.917 mln, while the authorized capital surged 62.2% to AZN 36, 536,000.

Bank’s incomes increased by 41.5% to AZN 5.06 mln, expenditures rose 2.4 times to AZN 5.53 mln.

Bank’s loss made AZN 1.367 mln.

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