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Total assets of Azerbaijani Kapital Bank increase over year

Finance Materials 25 July 2022 13:07 (UTC +04:00)
Total assets of Azerbaijani Kapital Bank increase over year
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, July 25. The total assets of Azerbaijan’s Kapital Bank increased by 33.1 percent in the second quarter of 2022 compared to the same period last year, Trend reports citing bank's balance sheet.

According to the bank, its total assets increased by 1.8 billion manat ($1.05 billion) over the year - up to 7.6 billion manat ($4.4 billion).

The largest share in the structure of total assets (41.2 percent) accounted for credit portfolio, which grew by 36.4 percent over the year to 3.1 billion manat ($1.8 billion).

Deduction of targeted reserves from bank's portfolio to ensure possible losses amounted to 393.3 million manat ($231.3 million).

According to the results of 2Q2022, about 26.2 percent of bank’s total assets were investments in securities - 1.9 billion manat ($1.1 billion).

Another 25.5 percent of bank's assets were cash and cash equivalents - 1.9 billion manat ($1.1 billion).

Bank’s other assets amounted to 410.6 million manat ($241.5 million).

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