Azerbaijan, Baku, July 29 / Trend /
"Muganbank" Open Joint Stock Company's assets have reached an amount of 313 240,46 thousand manats as of July 1, 2013, which is 25,83 % more in comparison with the respective period of the last year. The Bank's total capital has amounted to 49804,30 thousand manats compared to 36982,88 thousand manats on the first quarter of the last year, the bank said today.
Furthermore, deposits from population have reached 91946.84 thousand manats. The Bank's loan portfolio has amounted to 222224,16 thousand manats increasing by 16,26 % compared to the respective figure of the respective period of the last year.
Muganbank's income after tax for the reported period has increased. Thus, the Bank's interest income has reached an amount of 14601.35 thousand manats and the non-interest income an amount of 6 551.05 thousand manats.
Muganbank's liquidity ratio for the reported period is equal to 66,38 %.
"Muganbank" OJSC, one of the well-known participants of Azerbaijani financial-banking industry has been functioning since 1992. The bank's 30 branches and 4 sub-branches in the country, as well as its representative office in Moscow effectively serve customers with all types of banking services.
"Muganbank" OJSC is actively cooperating with international financial institutions among them US Agency for International Development (USAID), European Bank for Reconstruction and Development (EBRD), International Finance Corporation ("WBC"), World Business Capital, Inc. (WBC), Overseas Private Investment Corporation (OPIC), etc.
For the financial reports, please click on the following link:
http://www.muganbank.az/en/about/financial-reports/
The official exchange rate is 0,7843 AZN/USD on July 29.