Gunaybank sharply reduced consumer lending

Baku. 29 April. REPORT.AZ/ Assets of Gunaybank rose from 3.8 mln. AZN an annualized basis for 2.4 times and as of April 1, 2015 amounted to 92.3 mln. AZN.

Report informs referring to the bank, for the period the loan portfolio increased by 2.5 times and amounted to 89.1 million AZN. The total loan portfolio share of loans in national currency amounted to 99.92%. There is a sharp decline in consumer lending with 614.9 thousand AZN to 235.4 thousand AZNt. The volume of car loans also decreased to 15.07 thousand AZN to 4.5 thousand AZN.

On April 1, 2015 the share of overdue loans in the loan portfolio made 2.32% or 2.1 mln AZN.

According to the report, the deposit portfolio of the bank grew by 21.51% compared to the same period last year and on April 1 amounted to 12.1 million AZN. 57.89% of them posted in foreign currency. On an annualized basis, volume of deposits increased by 41.37% and by the end of the first quarter of this year amounted to 10.7 mln. AZN. 60.42% of them posted in foreign currency.

As of April 1 this year, the authorized capital of Gunaybank amounted to 64,900,000 AZN, total capital - 62.7 million AZN.