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Total liabilities of International Bank of Azerbaijan up in 2022

Economy Materials 19 January 2023 15:04 (UTC +04:00)
Total liabilities of International Bank of Azerbaijan up in 2022
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 19. Total liabilities of the International Bank of Azerbaijan Republic (IBAR) increased by 23.49 percent as of December 31, 2022, compared to the same period in 2021, Trend reports citing the bank's balance sheet.

According to IBAR, the bank’s total liabilities increased over the year by 2.35 billion manat ($1.38 billion) - up to 12.4 billion manat ($7.29 billion).

A significant share (85.62 percent) in the structure of liabilities was made by deposits, which increased by 28.57 percent over the year - up to 10.6 billion manat ($6.24 billion). At the same time, the share of deposits of legal entities in the structure of the bank's deposits amounted to 82.04 percent, increasing by 24.88 percent and amounting to 8.7 billion manat ($5.12 billion).

The share of deposits of individuals in the structure of liabilities of IBAR amounted to 17.96 percent, increasing by 48.65 percent over the year - up to 1.9 billion manat ($1.12 billion).

Bank's liabilities to credit organizations and other financial institutions reached 226.23 million manat ($133.08 million).

The bank's liabilities to Azerbaijan’s Central Bank (CBA) decreased by 31.48 percent and amounted to 78.8 million manat ($46.3 million). Other liabilities totaled 898.7 million manat ($528.6 million).

The share capital of IBAR amounted to 1.22 billion manat ($717.6 million) as of December 31, 2022, remaining unchanged.

The total reserves of IBAR amounted to 196.08 million manat ($115.3 million), having increased by 30.03 percent over the year. The undistributed profit of the bank amounted to 211.18 million manat ($124.2 million).

Bank’s total capital amounted to 1.6 billion manat ($941.1 million) in 2022

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