BAKU, Azerbaijan, October 24. The total liabilities of Azerbaijan’s Azer Turk Bank increased by 2.51 times as of September 30, 2022 compared to the same period the previous year, Trend reports via the bank's balance sheet.
According to the report, this figure increased by 472 million manat ($277.6 million), up to 783 million manat ($460.5 million).
A significant share (41.33 percent) in the structure of liabilities was made by deposits, which increased by 85.48 percent over the year - up to 323.6 billion manat ($190.3 billion). At the same time, the share of deposits of legal entities in the structure of the bank's deposits amounted to 51.88 percent. Deposits of legal entities in the structure of bank's liabilities increased by 90.3 percent and amounted to 167.9 billion manat ($98.7 billion).
Share of deposits of individuals in the structure of liabilities of Azer Turk Bank amounted to 48.12 percent. Deposits of natural persons increased by 80.56 percent over the year - up to 155.7 million manat ($91.5 million).
Bank's liabilities to credit organizations and other financial institutions reached 258.3 million manat ($151.9 million).
Bank's liabilities to Azerbaijan’s Central Bank (CBA) increased by 27.21 percent and amounted to 129.8 million manat ($76.3 million), and other liabilities increased up to 52.9 million manat ($31.1 million).
The share capital of Azer Turk Bank mounted to 50 million manat ($29.4 million) as of September 30, 2022, unchanged over the year.
Capital reserves of the bank amounted to 3.4 million manat ($2 million), having increased by 55.13 percent over the year. The undistributed profit of the bank amounted to 7.6 million manat ($4.5 million).
Azer Turk Bank's total capital in 3Q2022 amounted to 61.1 million manat ($35.9 million).