Assets of Ziraat Bank (Azerbaijan) Increased by 46.48%

Assets of Ziraat Bank (Azerbaijan) in the fourth quarter of 2016 compared to the same period in 2015 increased by 46.48%, or 41 million 951 thousand manats, reaching 132 million 195 thousand manat.

For the specified time the bank liabilities amounted to 71 million 566 thousand manat (an increase of 35 million 556 thousand manat or 98.7%).

Bank deposits in the fourth quarter of 2016 amounted to 37 million 924 thousand manat, while for the same period in 2015 deposits accounted for 4 million 701 thousand manat.

The call deposits of legal entities in the bank are 15 million 486 thousand manat and those of individuals are 4 million 748 thousand manat.

The timed deposits of legal entities amount to 531 thousand manat and those of individuals are 17 million 158 thousand manat.

During the reporting period the growth of the bank's capital amounted to 11.79% or 6 million 396 thousand manat, reaching 60 million 629 thousand manat.

The bank completed the fourth quarter of 2016 with a net profit of 5 million 956 thousand manat. -71D-