Deposits of Azerbaijan's International Bank up by 25%
Baku, Azerbaijan, Oct. 16
By Eldar Janashvili - Trend:
At the end of the third quarter of 2019, the International Bank of Azerbaijan (IBA) increased total liabilities by 15.6 percent compared to the figures on Jan. 1, 2019, Trend reports referring to the bank.
According to the IBA report, its total liabilities increased by 1.059 billion manat ($624.229 million) up to 7.83 billion manat ($4.615 billion).
The largest share (69.7 percent) in the structure of liabilities is held by deposits, which increased by 25 percent. In the structure of bank deposits, deposits of legal entities amounted to 4.377 billion manat ($2.580 billion), or 80 percent of the share of deposits. The volume of debt securities in the nine months did not change and amounted to 1.7 billion manat ($1.002 billion).
The IBA's tax liabilities amounted to 11.118 million manat ($6.553 million), while deferred tax liabilities amounted to 8.138 million manat ($4.795 million), or 73 percent of total tax liabilities.
As noted in the report, the share capital in the form of the ordinary shares put into circulation on an annualized basis did not change and amounted to 1.224 billion manat ($721.364 million). Retained earnings amounted to 170.79 million manat ($100.655 million). Capital reserves amounted to 96.073 million manat ($56.628 million), which indicates an increase of 7.65 percent.
Total capital of the bank amounted to 1.491 billion manat ($878.855 million), which shows an increase of 28.4 percent.
(1 USD = 1.7 AZN on Oct. 16)
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