Azer Turk Bank completes 2018 with profit | Banco.az

The assets of state-owned Azer Turk Bank were determined at the level of 370,2 million manats as of Jan. 1, 2019, which is 10% more than for the same period last year. The loan portfolio increased by 38% and amounted to 164,9 million manat. The total volume of bank liabilities increased by 12% and reached 314,8 million manat.

 The aggregate capital of the Bank amounted to 52 million manats. The capital adequacy ratio was set at 24% and the financial leverage ratio at 13%, that exceeds the established regulative norms by 3 times approximately. The authorized capital of the Bank is 50 million manats.

Net profit of the Bank for the fourth quarter amounted to 169 thousands manats.

During the past year, the bank attracted deposits in the amount of 167,5 million manat, 55,3 million manat of which are the deposits of the population.

The number of clients of the Bank doubled and totaled 48 351 people.

75 percent of shares of Azer Turk Bank, performing in Azerbaijan since 1995, belongs to the state.