Bank Melli Iran-Baku gets 41% growth in liabilities

Baku. 8 October. REPORT.AZ/ As of October 1, 2018 Bank Melli Iran-Baku’s assets stood at AZN 113,310,000 up 20.97% from the previous year, Report informs referring to bank’s financial statement.

Cash funds and correspondent accounts in other banks constituted AZN 60,367,000 of the assets and loans issued to customers made AZN 3,498,000. down 3.5% in the reporting period.

Liabilities dropped by 41.2% to AZN 42,682,000 with AZN 33,069,000 or 77.5% in liabilities before the financial institutions and AZN 8,686,000 or 20.4% in customer accounts.

Authorized capital remained unchanged at AZN 73,611,000, total capital increased by 11.3% to AZN 70,628,000.