Amrah Bank sees 69% decline in loss

As of April 1, 2019, Amrah Bank’s assets stood at AZN 202.122 million, down 1.9% by contrast to a year earlier.

Bank says AZN 107.458 million of the assets was loans given to customers. Loan portfolio extended by 20% from the previous year.

Liabilities rose by 14.3% to AZN 184.293 million, deposit portfolio raised by 16.2% to AZN 165.299 million, total capital dropped by 52% to AZN 17.829 million.

Interest incomes went up 42.7% to AZN 3.031 million, interest expenditures stepped up 5.2% to AZN 3.018 million, non-interest incomes fell by 15.1% to AZN 1.242 million, non-interest expenditures surged 5% to AZN 3.286 million, allocations for special reserves on compensation of possible losses on assets made up AZN 336,000. Consequently, the bank ended the first quarter of 2019 on AZN 1,695,000 in loss, down 68.5% in comparison to a year ago.

Amrah Bank was established in 1993. Its authorized capital is AZN 39.844 million.