Assets of Muganbank rise by 10 percent
Assets of Muganbank as of October 1 amounted to 368,560,000 manat (+ 9.9% compared to the same period last year). The loan portfolio of the bank amounted to 281,220,000 manat (+ 27.8%), with commitments of 315,100,000 manat (+ 9.2%) and the deposit accounts were 143 940 000 manat (minus 5.3%) .
The bank’s capital as of 1 October was 53,460,000 manat (+ 13.9%), and the share capital was 45,310,000 manat (+ 9.7%).
The net profit was at the level of AZN 6,619,670.
Muganbank was formed in November 1992. Its shareholders are 4 individuals. --17D-
Economics
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