BAKU, Azerbaijan, Apr.19
By Zeyni Jafarov - Trend:
Total liabilities of Azerbaijan’s Bank BTB decreased by 5.7 percent in the first quarter of 2020 to 282.3 million manat ($166 million), Trend reports on Apr.19 referring to the bank's balance sheet.
In the structure of liabilities, a big share (51.4 percent) accounted for the loans granted to financial institutions, the volume of which increased, compared to 1Q2020, by 13.2 percent, reaching 145.2 million manat ($85.4 million).
Over 36.8 percent of the total liabilities accounted for long-term customer deposits in the amount of 103.8 million manat, which is $61 million (n increase of 17.4 percent). Demand deposits, having decreased by 40.7 percent, are estimated at 27.03 million manat ($15.9 million).
Liabilities to the Central Bank of Azerbaijan have decreased by 66.9 for the year and amounted to 2.86 million manat ($1.68 million).
Other liabilities decreased by 27 percent and amounted to 2.66 million manat ($1.56 million).
In accordance with the report, the special capital of Bank BTB decreased by 15.5 percent on an annual basis and amounted to 51.84 million manat ($30.49 million).
The total capital of Bank BTB in the first quarter of this year equaled 54.45 million manat ($32 million), decreasing by 16.1 percent year on year.
(1 USD = 1.7 AZN on Apr.19)
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