BAKU, Azerbaijan, July 30
By Eldar Janashvili - Trend:
Azerbaijan’s AFB Bank OJSC increased its total liabilities by 0.1 percent in the first half of 2020 compared to the late 2019, Trend reports citing the bank’s balance sheet.
According to the sheet, the total liabilities dropped by 636 million manat ($374.1 million) up to 494.9 million manat ($291.1 million).
In the structure of liabilities, a significant share (78.5 percent) accounted for deposits, which shrank by 2.4 percent from the early 2020 up to 388.7 million manat ($228.6 million).
Meanwhile, most (nearly 91 percent) of the deposits accounted for those ones of legal persons, which decreased by 2.6 percent on semi-annualized basis to 353.9 million manat ($208.1 million). The deposits of individuals amounted to slightly less than 34.7 million manat ($20.4 million), increasing by 0.7 percent.
Liabilities to the credit organizations and other financial institutions made up 133 million manat ($78.2 million), increasing by 4 percent since the early 2020.
Other liabilities amounted to 5.3 million manat ($3.1 million).
According to the sheet, the bank’s share capital did not change from the early 2020 and remained equal to 70.4 million manat ($41.4 million). The bank’s retained earnings amounted to 6.7 million manat ($3.9 million). Total reserves made up 1.4 million manat ($820,000), and hereby showed a growth of 7.2 percent.
Total capital of the bank in the first half of this year amounted to 78.5 million manat ($46.1 million), declining by less than 2,000 manat ($1,180) compared to the late 2019.
(1 USD = 1.7 manat on July 30)
---
Follow the author on Twitter: @eldarjanashvili