Bank of Baku continues to operate at loss

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# 13:22
25 October 2017

Bank of Baku OJSC’s assets in the nine months stood at AZN 433.579 million, down 21.08% from previous year.

 

Bank says the loan portfolio dropped 31.6% to AZN 196.742 million, liabilities slid 21.21% to AZN 393.170 million, deposit portfolio fell 7.37% to AZN 272.122 million, and authorized capital remained unchanged at AZN 52,870,000.

 

 

Bank concluded the nine months of 2017 with AZN 5.849 million in loss. Thus, net profit reached AZN 31.890 million. 

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THE OPERATION IS BEING PERFORMED