AGBank’s troubled loans increase by AZN 28M

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# 08:45
16 October 2017

AGBank OJSC’s assets rose 0.74% and made up AZN 510,544,640 as of September 30, 2017.

 

Bank says the loan portfolio declined 4% to AZN 283,295,500. As at the end of the third quarter, the troubled loans amounted to AZN 146,351,100, which are equal to 51.66% of total loan portfolio. Compared to a year earlier, the troubled loans extended 23.76% or AZN 28,098,600.  

 

Liabilities surged 4.17% to AZN 458,353,300, deposit portfolio soared 2.61% to AZN 216,352,500, personal savings ascended 12.52% to AZN 163,942,800, authorized capital stood at AZN 102.2 million.  

 

Undistributed loss amounted to AZN 62,190,130, net loss of previous years to AZN 60,491,070. The bank ended the quarter on loss of AZN 1,699,060.

 

Bank’s reserves amount t AZN 5,321,450. 

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