BAKU, Azerbaijan, October 24. Total assets of Azerbaijan’s Azer Turk Bank significantly grew in the third quarter of 2022, Trend reports on October 24 via the bank's balance report.
According to the report, this figure amounted to 844.19 million manat ($496.58 million), up by 476.1 million manat ($280 million manat), or 2.29 times on annual basis.
The largest share (35.9 percent) in the structure of assets was the loan portfolio, which grew by 48.27 percent over the year to 303 million manat ($178.2 million).
From July through September 2022, about 5.81 percent of Azer Turk Bank's assets were investments in securities – 49 million manat ($28.8 million).
Another nearly 40.27 percent of the bank’s total assets were cash and cash equivalents, which equaled 339.9 million manat ($199.9 million).
Other assets of the bank amounted to 42.6 million manat ($25 million).