Muganbank concludes nine months with loss

Muganbank concludes nine months with loss
# 23 October 2017 12:09 (UTC +04:00)

As of October 1, 2017 Azerbaijan-based Muganbank’s assets stood at AZN 423.923 million, down 12.54% from previous year.

 

Bank says the loan portfolio grew 3.57% to AZN 334.009 million, troubled loans made up AZN 53.823 million.

 

Liabilities amounted to AZN 365.265 million.

 

Tota capital rose 4.3% to AZN 61.948 million, authorized capital surged 36.36% to AZN 75 million.

 

Revenues stood at AZN 38.975 million, expenditures at AZN 27.944 million.

 

The bank concluded the nine months with AZN 4,627,000 in loss.

 

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