Capitalization of Bank Silk Way extended by more than a third

Assets of JSC Bank Silk Way fell in January-June 2013 by 5.4%, to 178.04 million manat. The volume of issued and corporate loans increased by 140% and amounted to 110.07 million manat.

The total liabilities of the bank decreased from 112.09 million to 75.32 million manat. The deposit portfolio decreased by 54.6% to 45.4 million manats, including term client investment that decreased by 5.8% to 19.89 million manat.

The balance sheet assets reached 102.72 million manat. The total capital grew by 34.3%, exceeding 101.72 million manat, and the paid charter capital - by 33.5% to 93.73 million manat.

The bank's earnings were equal to 8.19 million manat and the expenditures were AZN 4.8 million, an increase compared to the same period in 2012, respectively, 16.5% and 14.3%. The net profit after tax decreased 44.3% to 1.71 million manat. -15B -

 

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