Profit of "Azer Türk Bank" OJSC reduces 6-fold

Profit of "Azer Türk Bank" OJSC reduces 6-fold The Bank increased assets by 8%
April 30, 2018 11:42
Profit of Azer Türk Bank OJSC reduces 6-fold

Baku. 30 April. REPORT.AZ/ Total assets of "Azer Türk Bank" OJSC soared by 7,5 annually and as of April 1 reached 310,5 mln. AZN.

Report informs referring to the financial statement of the Bank.

117,036 mln. AZN of assets is the net loans given to customers. Over the past year, the Bank's loan portfolio has dropped by 16.5%.

Total liabilities of Azer Türk Bank during reporting period increased by 9.7% to 255.852 mln. AZN, as well as customer accounts reduced by 2.2% to 183,797 mln. AZN. 

As of late March, authorized capital of the Bank amounted to 50 mln. AZN, while total capital made 54.647 mln. AZN (less by 1.9%).

Azer Türk Bank gained 192,000 AZN in the first quarter of this year. This is 82% or 5.55-fold less than in the same period in 2017.

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