AGBank ends Q1 on loss

AGBank ends Q1 on loss
# 30 April 2018 09:31 (UTC +04:00)

As of April 1, 2018 Azerbaijan-based AGBank’s assets stood at AZN 504.289 million, down 0.3% from previous year.

 

Bank says the loan portfolio declined by 3.04% to AZN 278.797 million, deposit portfolio rose 10.1% to AZN 231.601 million, personal savings grew 12.7% to AZN 170.229 million, liabilities surged 1.52% to AZN 460.414 million.

 

Authorized capital remained unchanged at AZN 102,200,000, total capital makes up AZN 40.891 million.

 

Revenues amounted to AZN 11.349 million, expenditures to AZN 13.618 million.

 

The bank ended the first quarter of 2018 on loss of AZN 3,223,510. 

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THE OPERATION IS BEING PERFORMED