BAKU, Azerbaijan, Feb. 3
By Eldar Janashvili – Trend:
Total liabilities of Azerbaijan’s Access Bank dropped by 2.3 percent or 18.5 million manat ($10.8 million) in 2019, amounting to 803.5 million manat ($472.6 million) compared to 2018, Trend reports referring to the bank’s balance sheet.
A significant part (82 percent) in the structure of liabilities accounted for deposits, the volume of which increased by 32 percent, reaching 660.9 million manat ($388.7 million). At the same time, the bulk of deposits, about 84 percent, accounted for deposits of individuals, amounting to 554 million manat ($325.8 million). Their annual increase equaled 35 percent. The volume of deposits of legal entities amounted to slightly above 106 million manat ($62.3 million), increasing by 18 percent.
Liabilities to credit and financial organizations, the Central Bank (CBA) and state funds amounted to almost 101 million manat ($ million), dropping 2.35 times since the beginning of 2020. The amount of subordinated debt amounted to slightly below 22 million manat ($12.9 million). Other liabilities amounted to 19.6 million manat ($11.5 million).
The share capital of the bank increased by 84.4 percent in 2019 and amounted to 258.7 million manat ($152.1 million). The uncovered loss amounted to 171.6 million manat ($100.9 million), increasing by 80.2 percent. Total reserves dropped by 38.1 percent and amounted to 7 million manat ($4.1 million).
The total capital of the bank in 2019 amounted to 94.3 million manat ($55.4 million) in 2019 compared to 56.5 million manat ($33.2 million) in 2018.
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