Amount of problem loans grew strictly at Bank of Baku

Baku. 14 May. REPORT.AZ/ Assets of Bank of Baku in last year increased by 20.2% and on April 1, 2015 reached 797.8 million manats.Of these, 4.74%, or 37.8 million manats accounted for cash.

Report was told in the bank, the total amount of issued loans and leases amounted to 668.7 mln. manats as of April 1, which is 15.51% more compared to the same period last year.The volume of overdue loans increased by 2 times compared to the same period last year - from 32.4 mln. manats to 69.5 mln. manats.

At the same time, the volume of customer deposits grew by an annual rate of 20.04% and as of April 1 amounted to 459.2 mln. manats.

Authorized capital of Bank of Baku on April 1, 2015 amounted to 52.9 mln. manats.