Mugan Bank Finished Year with Loss of AZN 14 Million
Mugan Bank concluded the year 2016 with a loss of AZN 14 million 5 thousand.
The bank's assets in 2016 compared to 2015 decreased by 93 million 506 thousand manat or 16.5% to 470 million 824 thousand manat.
The bank's liabilities during the reporting period decreased to 407 million 539 thousand manat (-104 million 95 thousand manat or -20.3%).
During the specified time Mugan Bank’s capital reached 63 million 285 thousand manat (an increase of 10 million 589 thousand manat or 20%).
During the year, the bank increased its authorized capital from AZN 55 million to AZN 75 million. -----71D
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