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Zaminbank sees decline in consumer lending

Zaminbank sees decline in consumer lending

29 April 2014 11:20 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. As of April 1, 2014, Azerbaijan-based Zaminbank’s assets stood at AZN 468.171 mln, up 18.9% from previous year.

Bank says the loan portfolio rose 13% to AZN 272.032 mln, consumer lending fell 18% to AZN 151.234 mln.

Mortgage loans made AZN 48.005 mln (AZN 35.151 mln or 73.2% given through AMF), down 2% in comparison to a year earlier.

Overdue credits soared 5% to AZN 12.98 mln, deposit portfolio grew 12.8% to AZN 98.372 mln, personal savings surged 15.6% to AZN 90.626 mln.

Total capital increased by 1.39% to AZN 51.512 mln, while authorized capital advanced 11.9% to AZN 47.182 mln.

Incomes went up 73.6% to AZN 12.257 mln, expenditures soared 4.7 times to AZN 11.635 mln.

Profit stood at AZN 621,720, down 7.4 times b contrast to a year earlier.

For the present, the bank operates 38 branches, 39 ATMs and 1,891 POS-terminals across the country.

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