BAKU, Azerbaijan,October 24. The total liabilities of Azerbaijan’s Xalq Bank increased by 20.07 percent as of September 30, 2022, Trend reports on October 24 via the bank's balance sheet.
According to the report, this figure amounted to 2.13 billion manat ($1.25 billion), up by 356.5 million manat or $209.4 million (83.78 percent) over the year.
A significant share (88.38 percent) in the structure of liabilities fell on deposits, which increased by 24.71 percent over the year - up to 1.77 billion manat ($1.04 billion).
The banks liabilities to the credit organizations and other financial institutions amounted to 300.7 million ($176.8 million). Its liabilities to Central Bank of Azerbaijan decreased by 25 percent and amounted to 901,140 manat ($530,082).
The share capital of Xalq Bank amounted to 364.7 million manat ($214.5 million) as of September 30, 2022, unchanged over the year.
Capital reserves of the bank amounted to 21.3 million manat ($12.5 million), up by 18.78 percent on annual basis, while the retained earnings – 80.14 million manat ($47.1 million).
The bank’s total capital in the third quarter of 2022 equaled 466.2 million manat ($262.4 million).