Non-performing loans of AGBank increased

Baku. 14 November. REPORT.AZ/ AG Bank OJSC’s assets dropped to AZN 506 807,84 thousand as of October 1, 2016, after reported 12.6% decrease in comparison with previous quarter.

Report informs referring to bank’s financial report, loan portfolio suffers 13.5% reduction, dropping as low as AZN 295 088,6 thousand. Overdue loan payments amount AZN 118 252,5 thousand, otherwise 40.1% of the portfolio. Non-performing loans increased by 13.6% in comparison with previous quarter.

Deposit portfolio reduced by 25.6%, and amounted AZN 210 859,5 thousand on October 1. 

Foreign currency makes up AZN 187 552,1 thousand (89%) of total deposit portfolio. Central Bank’s (CBA) demand concerning AG Bank remains unchanged - AZN 45 million.