Troubled loans make up 48% of AGBank’s loan portfolio

#
# 10:43
20 April 2017

As of April 1, 2017 Azerbaijan-based AGBank’s assets stood at AZN 505.752 million, down 2.23% from previous year.

 

Bank says the loan portfolio declined 21.5% to AZN 287.537 million, overdue credits dropped 60% to AZN 140.249 million (48.7% of total loan portfolio), deposit portfolio  slid 4.48% to AZN 210.399 million, personal savings slipped 4.08% to AZN 151.095 million, and liabilities rose 4.4% to AZN 453.514 million.

 

Authorized capital increased 0.69% to AZN 102,200,000.,  

 

Bank ended the first quarter on loss of AZN 1,807,450.

 

 

#
#

THE OPERATION IS BEING PERFORMED