BAKU, Azerbaijan, Jan. 27
By Nazrin Israfilova - Trend:
The total loan portfolio of Azerbaijan's AccessBank increased by 130 million manat ($76.5 million) and amounted to 632.5 million manat ($372.05 million) as of late 2021, which is by 25.8 percent more than in December 2020, Trend reports referring to AccessBank.
The total loan portfolio increased by 60.3 million manat ($35.5 million) in the fourth quarter of 2021.
The share of loans issued for businesses amounted to 85 percent. AccessBank issued loans in the amount of 636.6 million manat ($374.5 million) in 2021, which is by 285.5 million manat ($167.9 million) or 81.3 percent more than in 2020. More than half of the loans accounted for the district branches.
The bank's deposit portfolio increased by 62.3 million manat ($36.6 million) and amounted to 689.8 million manat ($405.8 million), which is 9.9 percent more than in 2020.