Baku, Azerbaijan, April 21
By Ilkin Shafiyev – Trend:
Net profit of Azerbaijan's Azer Turk Bank for 1Q2018 amounted to 192,000 manats, said the bank's message.
The bank's revenues for the reporting period amounted to 15.5 million manats, and its expenses – to 15.3 million manats.
The Bank's assets in the first quarter of the year increased by 15 percent compared to the same period of 2017 and amounted to 312.3 million manats. The Bank's loan portfolio amounted to 116.9 million manats for the reporting period.
The Bank's total capital amounted to 53.7 million manats. Coefficient of adequacy of total capital was 28.5 percent, which exceeds the established limit three times. The liquidity ratio of Azer Turk Bank at the end of the reporting period was 106 percent, while the norm for this indicator was set at 30 percent.
During the reporting period, the Bank attracted deposits in the amount of 161.8 million manats.
Compared with 1Q2017, the number of clients of the Bank increased by 16 percent, amounting to 28,594 people. The number of active plastic cards of the Bank amounted to 39200, having increased by 20 percent during the reporting period.
75% of shares of Azer Turk Bank, which has been operating since 1995, belong to the state.