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Total assets of Yapi Kredi Bank Azerbaijan increase

Finance Materials 24 January 2023 10:10 (UTC +04:00)
Total assets of Yapi Kredi Bank Azerbaijan increase
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 24. The total assets of Yapi Kredi Bank Azerbaijan increased by 22.07 percent in 2022 compared to 2021, Trend reports via the bank's balance report.

According to the report, this figure amounted to 481.92 million manat ($283.4 million), up by 87.1 million manat ($51.2 million manat). The largest share (49.16 percent) in the structure of assets was the loan portfolio, which grew by 35.43 percent over the year to 236.9 million manat ($139.3 million).

About 17.42 percent of Yapi Kredi Bank Azerbaijan's assets were investments in securities – 83.9 million manat ($49.3 million).

Another nearly 35.43 percent of the bank’s total assets were cash and its equivalents, which amounted to 170.73 million manat ($100.43 million).

Other assets of the bank equaled 9.6 million manat ($5.6 million).

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