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Azerbaijan Industry Bank’s assets down in 2021

Finance Materials 27 January 2022 16:55 (UTC +04:00)
Azerbaijan Industry Bank’s assets down in 2021

BAKU, Azerbaijan, Jan. 27

By Nazrin Israfilova - Trend:

The assets of the Azerbaijan Industry Bank amounted to 812.6 million manat ($478 million) in 2021, which is by 10.9 percent less compared to 2020, Trend reports citing the bank's report.

The deposits in financial institutions, including banks, have the biggest volume worth 467.3 million manat ($274.9 million) in the structure of assets, decreasing by 5.2 percent compared to 2020.

The bank's loan portfolio amounted to 243.6 million manat ($143.3 million) in 2021, which is 23.2 percent less compared to 2020.

Moreover, the bank's liabilities amounted to 707.08 million manat ($415.9 million) in 2021, decreasing by 12.4 percent compared to 2020.

The deposit portfolio of the bank amounted to 514.4 million manat ($302.6 million) for the year, which is 19.6 percent less compared to 2020.

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