Azerbaijan's Kapital Bank increases total liabilities

Finance Materials 25 January 2020 12:29 (UTC +04:00)
Azerbaijan's Kapital Bank increases total liabilities

BAKU, Azerbaijan, Jan. 25

By Eldar Janashvili – Trend:

The leading Azerbaijani bank, Kapital Bank OJSC, increased its total liabilities by 11.2 percent from January through December 2019 compared to the same period of 2018, Trend reports referring to the bank’s balance sheet.

The total liabilities increased by 373.7 million manat ($219.5 million), and reached 3.7 billion manat ($2.1 billion).

A significant part (87 percent) in the structure of liabilities accounts for deposits, the volume of which increased by 9.7 percent, up to 3.2 billion manat ($1.8 billion). At the same time, the bulk of deposits, about 70 percent, accounted for deposits of legal entities in the amount of 2.2 billion manat ($1.2 billion), annual growth of which amounted to 16 percent. The volume of deposits of individuals exceeded 985 million manat ($579.4 million), slightly dropping by 2.1 percent.

Liabilities to credit and financial organizations as the Central Bank and state funds amounted to almost 216 million manat ($127 million), dropping by 14.3 percent since the beginning of 2020. The amount of current tax liabilities and subordinated debenture exceeded 22 million manat ($12.9 million). Other liabilities amounted to 244.3 million manat ($143.7 million).

The bank stock has not changed since the beginning of 2020 and amounted to 225.8 billion manat ($132.8 billion). Retained earnings of the bank amounted to 163 million manat ($95.8 million). Total reserves amounted to 35 million manat ($20.5 million), increasing by 40 percent.

The total capital of the bank amounted to 425 million manat ($250 million) in 2019 compared to the indicator of 2018, which was equal to 371 million manat ($218.2 million).

(1 USD = 1.7 AZN on Jan. 25)


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