Baku 9° C
Non-performing loans of AGBank increased
Finance
- 14 November, 2016
- 12:18
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.
Author
Latest News
01:46
Azerbaijan highly appreciates State Department's statement regarding Iran's drone attacks
Foreign policy01:41
First Vice-President Mehriban Aliyeva congratulated Azerbaijani women on International Women"s Day
Domestic policy23:44
President Ilham Aliyev shares post on International Women's Day
Domestic policy23:42
Orbán: Hungary ready to provide any necessary assistance to Azerbaijan
Foreign policy23:39
United States condemns Iranian drone attack on Azerbaijan
Foreign policy23:17
Iran's Miscalculation: Why the Drone Strike on Azerbaijan Backfired
Foreign policy21:29
OTS Foreign Ministers Council issues joint on recent developments in Middle East
Other20:59
Azerbaijani, Uzbek FMs discuss Middle East escalation
Foreign policy20:52