ADIF quadruples liabilities

ADIF quadruples liabilities
  • Clock-gray 14:42
  • calendar-gray 06 June 2017

Azerbaijan Deposit Insurance Fund’s (ADIF) assets stood at AZN 87.463 million in 2016, down 35.12% or AZN 47.334 million, APA-Economics reports citing to the Fund’s financial statement.

 

The Fund increased liabilities 3.73-fold to AZN 594.919 milion, of which AZN 526.733 million made up short-term part of the loans and debts, AZN 34,922,000 – AZN loans and debt, AZN 27,989,000 – AZN liabilities on compensation, AZN 5,275,000 – long-term liabilities.

 

Premiums rose 6.82% to AZN 26,475,850, financial revenues surged 14.6% to ANZ 3,961,000, total revenues soared 7.78% to AZN 30,437,000.

 

Expenditures dropped 3.87-fold to AZN 587.245 million.

 

The Fund’s losses grew 4.29-fold to AZN 482.561 million.

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