Nakhchivan Bank increases liabilities

Nakhchivan Bank increases liabilities
  • Clock-gray 11:15
  • calendar-gray 19 April 2018

In the first quarter of 2018 Azerbaijan-based Nakhchivan Bank’s assets stood at AZN 149.604 million, up 5.45% from previous year.


Bank says the loan portfolio increased by 9.69% to AZN 69.515 million, deposit portfolio surged 5.56% to AZN 34.370 million, liabilities grew 9.88% to AZN 75.806 million.


Authorized capital remained unchanged at AZN 67,830 million, total capital made up AZN 73.236 million.


Revenues amounted to AZN 2,060,730, expenditures to AZN 860,260.


The bank ended the first quarter on net profit of AZN 852,060.


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