Capital of JSC AGBank close to the minimum required by CBA

JSC AGBank assets increased in the first quarter of 2014 by 0.7 % - up to 470 518 180 manat.

According to the bank's financial statements, the auditor's report confirmed that the loan portfolio to April 1, 2014 amounted to 339 129 300 manat (+1.8 %).

Liabilities of the bank at the end of the reporting quarter are 421,652,300 manats (+38.8 %). Deposits in the bank at the end of March 2014 amounted to 274 309 260 manat (+ 0.5 %), including deposits of the population - 228 489 000 manats.

The bank's equity as of 1 April totaled 48,865,800 manats, while the authorized capital was maintained at 25 million manat.

Net profit of the financial structure for the reporting period was 943,000 manats.

AGBank was founded in 1992. Its shareholders are the International Finance Corporation (17.5%), the company Kazimir Partners (10%) and individuals (70.59 %). The rest are private and public enterprises . -17D-

 

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