Baku, Azerbaijan, July 25
By Eldar Janashvili - Trend:
At the end of the second quarter of this year, Azerbaijan’s BTB Bank increased the volume of total assets by 1.4 percent compared to the same period last year, Trend reports with reference to the bank’s financial report.
The bank’s total assets amounted to 303.772 million manats at the end of June, which is by 4.323 million manats more than last year.
The main share in the structure of assets accounts for the loan portfolio (59 percent), the volume of which increased by 8.8 percent and reached 179.152 million manats. The volume of cash and cash equivalents increased by almost 3 percent, to 13.753 million manats. Correspondent accounts decreased by more than four times and amounted to 8.475 million manats.
Deposits in banks and financial institutions increased over the reporting period, reaching 8.673 million manats, while in the first half of last year their total volume was only 250,000 manats. Loans to financial institutions increased by 37 percent and amounted to 18.975 million manats. Securities for the year didn’t change and amounted to 2.476 million manats. Investments amounted to 600,000 manats, which is 71 percent more than the amount in the first half of the previous year.
During the first six months of this year, the liabilities of the bank also increased. Total liabilities as of July 1 amounted to 247.263 million manats and remained almost unchanged.
In the structure of liabilities, demand deposits amounted to 31.544 million manats, increasing by 5.1 percent. Loans of banks and other financial institutions amounted to 112.525 million manats, showing an increase of 13.3 percent.
The bank’s own capital increased by 1 percent over the reporting period, reaching 53.979 million manats. Capital reserves increased by 20.4 percent, reaching 2.53 million manats. The total capital increased by 1.7 percent to 56.509 million manats.
($1= 1.7 manats on July 25)