During the year the assets of the local Bank Silk Way rose by 14.5% up to 232 million 741 thousand manat.
According to the information on the website of the financial structure, by January 1 of this year, the loan portfolio was at the level of 178 million 782 thousand manat (+ 20.8%). This figure is more than three times higher than the level of deposits (54 million 351 thousand manat or + 19.5%) by activating the population, whose contributions have increased by 35.5%, reaching 44 million 853 thousand manat.
The bank's liabilities, including long-term ones, amounted to 124 million 550 thousand manat (+ 25.5%).
The authorized capital of the bank by the end of the year rose insignificantly (+ 2.1%), reaching 99 million 167.58 thousand manat with equity in 108 million 191.2 thousand manat. Net profit at the end of activities in 2014 amounted to 2.6 million manat.
JSC Bank Silk Way has been valid from 25 January 2008 (previously called Azal Bank). Its shareholders are two individuals and one entity. -- 17D-
Economics
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