
AGBank grew last year by 34.9 %
BAKU/21.01.14/TURAN : Assets of AGBank increased in 2013 by 34.9 %, reaching 467.41 million manat. Volume issued to individuals and legal entities grew by 41.1 % and amounted to 352.7 million manat.
The total liabilities of the bank increased from 299.53 million to 415.81 million manat. Deposit portfolio increased by 24 % to $ 272.97 million manats , including term client investments increased by 22.7 % to 191.49 million manat.
Equity capital increased by 10% amounting to 51.6 million manat, and the total capital - by 17.6 % to 50.07 million manat. Paid charter capital remained unchanged amounting to 25 million manats .
The bank's earnings equaled 59.35 million manat and expenditures - 53.03 million manat , an increase compared with 2012 , respectively 24.5% and 25.3 %. Net profit after tax decreased by 17.5% to 2.5 million manat. - 15B -
Economics
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