'Azer-Turk Bank' ends last year with loss

'Azer-Turk Bank' ends last year with loss During reporting year, bank's problem loans increased by 73%
Finance
February 11, 2016 15:23
'Azer-Turk Bank' ends last year with loss

Baku. 11 February. REPORT.AZ/ Assets of 'Azer-Turk Bank' OJSC has increased fold-2,3 in annual comparison and made 671,9 million manats to January 1, 2016.

Report informs referring to the bank, during reporting year, loan portfolio increased by 95,6% and made 418,3 million manats.

In accordance with the report, payment date of 2,5% or 10,3 million manats of loan portfolio has outdated. Thus, in annual comparison, 72,5% increase occurred in overdue loans and in contrast, 0,33% point decrease in special weight of loan portfolio.

During past year, deposit portfolio increased fold-2,6 and increased up to 539,7 million manats.

Notably, total capital of 'Azer-Turk Bank' to January 1 this year made 50,9 million manats.

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