The assets of state-owned Azer Turk Bank increased 7% over the year to 337,9 mln. manats for July 1, 2019. The loan portfolio of the Bank grew by 17% and totaled 168 mln. manats.

Net profit of the Bank at the end of the second quarter amounted 773,9 thousand manats, which is 3 times more than for the corresponding period the previous year.

The aggregate capital of the Bank amounted to 51,9 mln. manats. The capital adequacy ratio was set at 34%, debt-to-equity ratio at 14%, that exceeds the established regulative norms. The total liabilities of the bank amounted to 281,9 million manats.  

The deposit portfolio of the Bank amounted to 204,4 mln. manats, 80,6 mln. manats of which are the deposits of the population.

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