Azerbaijan Industry Bank sees 12% rise in troubled loans

 Azerbaijan Industry Bank sees 12% rise in troubled loans
  • Clock-gray 11:57
  • calendar-gray 25 April 2017

In the first quarter of 2017 Azerbaijan Industry Bank’s assets increased 42.04% to AZN 949.376 million.

 

Bank says the loan portfolio rose 31.9% to AZN 283.928 million, troubled loans increased 11.82% to AZN 8.031 million, share of troubled loans in the loan portfolio declined from 3.21% to 2.83%.

 

In January-March the liabilities surged 46.67% to AZN 862.548 million, deposit portfolio soared 46.41% to AZN 595.900 million.

 

Authorized capital remained unchanged at AZN 60 million, total capital grew 1.29% to AZN 81.329 million.

 

Net profit amounted to AZN 1,567,410. 

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