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Azerbaijan’s Unibank increases assets

Business Materials 30 June 2016 19:57 (UTC +04:00)

Baku, Azerbaijan, June 30

By Anvar Mammadov – Trend:

Azerbaijani Unibank’s assets increased by 21.8 percent and amounted to 1.03 billion manats in 2015, says the bank’s balance sheet issued June 30.

The bank’s assets totaled 844.02 million manats in 2014.

The main part of Unibank’s assets – 63.7 percent or 654.75 million manats – accounted for loans and leasing.

During the reporting period, Unibank’s liabilities increased by 29.9 percent and totaled 925.63 million manats.

The main part of the bank’s liabilities – 56.8 percent – accounted for its deposits, which increased by 10.7 percent and amounted to 525.95 million manats during the year.

In 2015, Unibank’s authorized capital remained unchanged at 56.57 million manats, while the bank’s total capital decreased by 22 percent and amounted to 102.35 million manats during the reporting period.

Unibank OJSC was created in 2002.

The official exchange rate is 1.5394 AZN/USD on June 30.

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