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Xalg Bank gets loss in third quarter

21 October 2014 14:02 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. In the third quarter of 2014, the assets od Azerbaijan-based Xalg Bank stood at AZN 1,241,399,000, down 7.85% in annual comparison.

Bank says the loan portfolio dropped 5.54% to AZN 980.312 mln, consumer lending fell 31.8% to AZN 36.741 mln, mortgage loans rose 41.4% to AZN 63.540 mln.

Deposit portfolio slipped 14.7% to AZN 784.199 mln, personal savings surged 2.1 times to AZN 669.398 mln.

Total capital slid 12.3% to AZN 178.661 mln, authorized capital raised 7.3% to AZN 197,125,290.

Incomes increased 22.7% to AZN 71.518 mln, expenditures shed 7.4% to AZN 45.775 mln.

Bank ended the third quarter with the loss of AZN 27,301,000 as it allocated AZN 53.5 mln for payment of possible loss on assets.

The bank operates 21 branches across the country.