Finance

Finance

Xalg Bank gets 60% rise in assets year-on-year

25 July 2013 09:08 (UTC +04:00)

Baku. Vajab Rzayev – APA-Economics. As of July 1, 2013, Azerbaijan-based Xalg Bank’s assets stood at AZN 1,276.920 mln, up 59.5% from 2012’s indicator.

Bank says the loan portfolio doubled to AZN 971.906 mln, as well as consumer lending made AZN 51.603 mln, up 81.7% from previous year.

Deposit portfolio rose 41.1% to AZN 868.270 mln, including personal savings were equal to AZN 644.077 mln, up 2.2 times from a year earlier.

Total capital soared 10.9% to AZN 197.396 mln, as well as authorized capital remained unchanged at AZN 196.099 mln.

Number of clients surged 62.7% to 39,991, including individuals increased by 63.2% to 37,679, legal entities – by 23.7% to 1,794. Number of plastic cards stood at 12,197, down 7.6% compared to a year ago. Debit cards dropped 14.3% to 9,553, credit cards grew 30.7% to 2,644.

The bank operates 22 branches, 38 ATMs and 76 POS-terminals across the country.