BAKU, Azerbaijan, March 6
By Eldar Janahsvili – Trend:
The total liabilities of Azerbaijan's Xalq Bank have increased by 11.5 percent as of January 2020, compared to January 2019, Trend reports referring to the bank’s balance sheet.
In accordance with the report, total liabilities increased by 207.3 million manat ($121.9 million).
A great part (84.5 percent) in the structure of liabilities accounts for deposits, the volume of which increased by 36.2 percent.
At the same time, 80 percent of deposits accounted for foreign currency, the share of which increased by 13.3 percent.
The liabilities to the credit and financial organizations, the central bank and state funds amounted to almost 51.7 million manat ($30.4 million), decreasing by 2.5 times on an annualized basis. The amount of bank loans reached slightly less than 179 million manat ($105 million). Other liabilities amounted to two billion manat ($1.2 billion).
In accordance with the report, CBA’s equity for the year increased by 1.5 times and amounted to 404.3 million manat ($237.8 million). The total reserves amounted to 18.9 million manat that’s $11.1 million (an increase of 3.8 percent).
The bank’s total capital amounted to 423.2 million manat ($248.9 million) in late January 2020 compared to 286.3 million manat ($168.4 million) in January 2019.
(1 USD = 1.7 AZN on March 6)
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