BAKU, Azerbaijan, July 29
By Zeyni Jafarov - Trend:
The total liabilities of the International Bank of Azerbaijan (IBA) increased by 5.1 percent in the second quarter of 2021 compared to the same period of 2020, Trend reports citing the bank's balance sheet.
According to the report, in terms of money, the total liabilities reached 7.37 billion manat ($4.35 billion).
In the structure of liabilities, a significant share (78.4 percent) belongs to deposits, which increased by 20.7 percent over the year and amounted to 5.78 billion manat ($3.4 billion).
At the same time, nearly 79.1 percent fell on deposits of legal entities, which dropped by 27 percent to 4.57 billion manat ($2.68 billion). The deposits of individuals accounted for 20.9 percent - 1.21 billion manat ($711.7 million), an increase of 1.4 percent year on year.
Liabilities to credit organizations and other financial institutions decreased 25.7 percent over the year and amounted to 222.9 million manat ($131.1 million). Deferred tax liabilities amounted to 16.05 million manat ($9.44 million), doubling on annual basis.
Current tax liabilities amounted to 12.3 million manat ($7.23 million), having dropped by 27 percent on annual basis. Other liabilities amounted to 458.6 million manat ($269.7 million) (surging 2.3 times year on year).
The bank's share capital did not change on annual basis and remained at 1.22 billion manat ($717.6 million). Capital reserves amounted to 127.5 million manat or $75 million (an increase of 11.9 percent).
The total capital of the Interbank in the second quarter of 2021 amounted to 1.48 billion manat ($870.5 million), an increase of 1.55 percent over the year.
(1 USD = 1.7 AZN on Jan. 19)
---
Follow the author on Twitter: @jafarov_zeyni