Xalg Bank sees 14% decline in personal savings

Xalg Bank sees 14% decline in personal savings
  • Clock-gray 08:42
  • calendar-gray 17 October 2017

As of September 30, 2017 Azerbaijan-based Xalg Bank’s assets stood at AZN 1,805,244,000, up 3.2% from previous year.

 

Bank says the loan portfolio dropped by 2.21% to AZN 1,285,399,000, liabilities increased 2.17% to AZN 1,551,831,000, deposit portfolio declined by 1.33% to AZN 1,186,445,000, personal savings slid by 14.08% to AZN 774.746 million.  

 

Authorized capital rose by 6.35% to AZN 225,078,600, total capital grew 10.75% to AZN 251,843,610.

 

Undistributed net profit amounted to AZN 13,627,280. The bank ended the quarter on profit of AZN 13,124,660.

 

Bank’s total reserves make up AZN 14,707,304. 

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