BAKU, Azerbaijan, July 20. The total liabilities of Azerbaijan’s Nakhchivanbank increased by 32.4 percent as of July 1, 2022 compared to the same period in 2021, Trend reports citing the bank’s balance sheet.
According to bank, its total liabilities increased by 58.7 million manat ($34.5 million) during the year - to 239.8 million manat ($141.05 million).
Significant share (70.5 percent) of the liabilities consisted of deposits - 169.2 million manat ($99.5 million). At the same time, the share of deposits of legal entities in the structure of the bank’s liabilities amounted to 85.7 percent. The deposits of legal entities amounted to 145.1 million manat ($85.3 million).
The share of individual deposits in the liability structure of Nakhchivanbank amounted to 5.8 percent. Individual deposits amounted to 9.8 million manat ($5.7 million).
The bank’s share capital reached 94 million manat ($55.3 million) on July 1, 2022.
The total capital of Nakhchivanbank amounted to 103.8 million manat ($61.05 million) in the second quarter of 2022, increasing by 9.2 percent over the year.