Finance

Finance

Xalg Bank gets 50% rise in assets

30 January 2014 10:34 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1, 2014, Azerbaijan-based Xalg Bank’s assets stood at AZN 1,282.1 mln, up 50.0% from a year earlier.

Bank says loan portfolio rose 50.2% to AZN 998.768 mln, as well as consumer lending stood at AZN 55.919 mln, up 44.1% by contrast to a year ago. At the same time, overdue credits increased by 46.3% to AZN 37.928 mln. Share of overdue credits in loan portfolio dropped 0.1 percentage point to 3.8%.

Deposit portfolio surged 62.1% to AZN 848.804 mln, including personal savings were equal to AZN 598.971 mln, up 47.7% from previous year.

Total capital soared 7.4% to AZN 205.491 mln, as well as authorized capital grew 8.6% to AZN 183.693 mln.

Number of clients rose 2.1 times to 46,607, including individuals soared 2.2 times to 44.691, legal entities increased by 49.8% to 1,916. As of January 1, 2014, the plastic cards stood at 12,293, up 9.3% in annual comparison. Debit cards dropped 2.0% to 9,630, credit cards grew 81.9% to 2,663.

For the present, the bank operates 24 branches, 41 ATMs adn 76 POS-terminals across the country.