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Total liabilities of Azerbaijan's Azer Turk Bank revealed

Finance Materials 24 January 2023 17:49 (UTC +04:00)
Total liabilities of Azerbaijan's Azer Turk Bank revealed
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 24. The total liabilities of Azerbaijan’s Azer Turk Bank increased by 2.55 times as of December 31, 2022, compared to the same period in 2021, Trend reports via the bank's balance sheet.

According to the report, this figure increased by 545.6 million manat ($320.9 million) on an annual basis, up to 895.9 million manat ($527 million).

A significant share (42.97 percent) in the structure of liabilities was made by deposits, which increased by 85.56 percent over the year - up to 385 million manat ($226.4 million). At the same time, the share of deposits of legal entities in the structure of the bank's deposits amounted to 47.74 percent. Deposits of legal entities in the structure of the bank's liabilities increased by 62.09 percent and amounted to 183.8 billion manat ($108.12 billion).

The share of deposits of individuals in the structure of liabilities of Azer Turk Bank amounted to 52.26 percent. Deposits of individuals increased by 113.85 percent over the year - up to 201.1 million manat ($118.2 million).

Bank's liabilities to credit organizations and other financial institutions reached 322.6 million manat ($189.7 million).

Bank's liabilities to Azerbaijan’s Central Bank (CBA) increased by 33.97 percent and amounted to 143.9 million manat ($84.6 million), and other liabilities increased up to 23.5 million manat ($13.8 million).

The share capital of Azer Turk Bank mounted to 50 million manat ($29.4 million) as of December 31, 2022, unchanged over the year.

Capital reserves of the bank amounted to 3.7 million manat ($2.1 million), having increased by 58.32 percent over the year. The undistributed profit of the bank amounted to 15.4 million manat ($9.06 million).

Azer Turk Bank's total capital in 4Q2022 amounted to 69.1 million manat ($40.65 million).

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