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Troubled loans make up 50% of AGBankâ€™s loan portfolio

14 July 2017 14:46 (UTC +04:00)

As of June 30, 2017 AGBank OJSC’s troubled loan amounted to AZN 143.852 million or 50.1% of total loan portfolio (AZN 284.489 million).

Bank says AZN 95.604 million or 66.5% of troubled loans are in Baku.

Compared to a year earlier, the non-performing loan increased AZN 39.775 million at the end of first half of 2017. Since that time, the troubled loans have been increasing. So, as at the end of 2016 the amount of troubled loans stood at AZN 136.405 million, while it was AZN 104.077 million in the second quarter of 2016, AZN 118,252,500 in the third quarter. In other words, the troubled loans increased AZN 32.329 million during the two quarters.

Since early 2017 the troubled loans have increased AZN 7,446,500 (AZN 3,844,200 in Q1, AZN 3,602,300 in Q2).