Assets of "Mugan Bank" increased during the first three quarters of 2013 by 9.4%, to 319.11 million manat. Loans to customers increased by 15.9% to 235.1 million manat. The volume of non-performing loans increased to 9.38 million manat, and their share in total loan portfolio reached 4%. Consumer loans grew by 9.5% to 52.05 million manat.
The total liabilities of the bank increased to 264.72 million manat. The deposit portfolio increased by 0.1%, amounting to 116.26 million manat, and time deposits increased by 6.5% to 83.1 million manat.
Balance sheet assets reached 54.39 million manat. The total capital grew by 12.4% higher than the 50.74 million manat, and paid charter capital - by 10.1% to 41.31 million manat.
Revenues and expenses of the bank equaled 31.49 million, respectively, and 26.86 million manat. Net profit amounted to 4.63 million manat. - 15B -
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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