Muganbank's assets increased by 33%

Baku. 21 January. REPORT.AZ/ Assets of Muganbank OJSC at an annual rate grew by 32.8% on 1 January 2016 and amounted to 568.2 million AZN.

Report informs referring to the bank, during the reporting period, the loan portfolio grew by 28.6% - from 291.3 to 374.6 million AZN. The share of consumer loans is 193,300,000 AZN, or 51.6% of the portfolio. The volume of consumer credit in 2015 grew by 51.6%.

On January 1 of this year, overdue loans accounted for 6.6% of the loan portfolio. The volume of these loans increased by 55.3% year on year, from 15.8 to 24.5 mln. AZN.

The deposit portfolio of the bank for the period increased by 47.8% - from 162.2 to 239.7 million manats. Deposits increased by 84.9% to $ 214.5 million manats.

Muganbank's authorized capital as of January 1 of this year amounted to 50.0 mln. AZN, total capital made 54.9 million AZN.