BAKU, Azerbaijan, April 28
By Eldar Janashvili - Trend:
Azerbaijan’s Bank of Baku increased total liabilities by 13.5 percent to 360 million manat ($211.7 million) in the first quarter of 2020, Trend reports citing the bank’s balance sheet.
According to the bank, in the structure of liabilities, a significant share of 50.8 percent accounted for deposits, which decreased by 0.2 percent on annualized basis and amounted to 182.8 million manat ($107.5 million). Meanwhile, 89.9 percent accounted for deposits of individuals which decreased by 580,000 manat ($341,176) to 164.5 million manat ($96.7 million). The deposits of legal persons amounted to 10.1 percent of the deposit portfolio with 18.4 million manat ($10.8 million), showing an increase of 1.3 percent.
Liabilities to the Central Bank of Azerbaijan, state funds, credit organizations and other financial institutions increased by 37.1 percent on an annualized basis and amounted to 150.8 million manat ($88.7 million).
Other liabilities increased by 30.7 percent and amounted to 9.3 million manat ($5.4 million).
The bank’s share capital on an annualized basis did not change and amounted to 52.9 million manat ($31.1 million). Retained earnings amounted to 4.4 million manat ($2.5 milion), an increase of 85.7 percent over the year. Capital reserves amounted to 9 million manat ($5.2 million), increasing by 2.7 percent.
The total capital amounted to 66.3 million manat ($39 million), an increase of 3.6 percent.
(1 USD = 1.7 manat on Apr. 28)
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