BAKU, Azerbaijan, April 22. Total liabilities of the International Bank of Azerbaijan Republic (IBAR) increased by 30.6 percent as of March 31, 2022 compared to the same period in 2021, Trend reports citing the bank's balance sheet.
According to IBAR, bank’s total liabilities increased over the year by 2.3 billion manat ($1.4 billion) - up to 10.2 billion manat (about $6 billion).
Significant share (86.86 percent) in the structure of liabilities was made by deposits, which increased by 54.9 percent over the year - up to 8.8 billion manat ($5.1 billion). At the same time, share of deposits of legal entities in the structure of bank's liabilities amounted to 82.8 percent.
Deposits of legal entities grew by 22.8 percent over the year and amounted to 7.3 billion manat ($4.3 billion).
Share of deposits of individuals in the structure of liabilities of IBAR amounted to 17.2 percent. Deposits of natural persons increased by 62.3 percent over the year - up to 1.5 billion manat ($8.9 million).
Bank's liabilities to credit organizations and other financial institutions increased by 31.1 percent over the year and reached 218.4 million manat ($128.4 million).
Requirements of Azerbaijan’s Central Bank (CBAR) amounted to 115 million manat ($67.6 million), unchanged over the year, other liabilities increased by 81.8 percent - up to 278.2 million manat ($163.6 million).
Share capital of IBAR amounted to 1.2 billion manat ($705.8 million) as of March 31, 2022, having increased by 0.1 percent over the year.
Retained earnings of IBAR amounted to 100.5 million manat ($59.1 million), which is 744.2 percent more than in 1Q2021. Capital reserves amounted to 150.2 million manat ($88.3 million), having increased by 15.3 percent over the year.
Bank’s total capital in 1Q2022 amounted to 1.4 billion manat ($823.5 million), having increased by 8.03 percent over the year.