Bank Avrasiya Expanded Lending by 28%
Assets of Bank Avrasiya decreased in January-June 2012 by 11.3% to 62.18 million manat. The volume of issued and corporate loans grew by 27.8% and amounted to 35.93 million manat.
The total liabilities of the bank decreased from 48.58 million to 41.1 million manat. Deposit portfolio decreased by 19% to 32.51 million manat, while the term client investments increased by 8.5% to 14 million manat.
Balance capital decreased by 2% to 21.1 million manat. Aggregate capital increased by 1.7% to 20.26 million manat, and paid charter capital remained at the level of 20 mln.
The bank's earnings were equal to 3.38 million manat, and expenses - 3.09 bn, an increase compared to the same period in 2011, respectively, 54.5% and 10.7%. Net income before taxes was 294 thousand manat. The bank completed the same period last year with a loss of 584 thousand manat. -15B-
Economics
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