BAKU, Azerbaijan, July 29
By Eldar Janashvili – Trend:
As of the first half of 2020, Azerbaijani big Yapi Kredi Bank’s total liabilities decreased by 21.2 percent compared to the same period of 2019, Trend reports citing the bank's balance sheet.
In accordance with the report, the total liabilities decreased by 73.5 million manat ($43.2 million) up to 273.8 million manat ($161.05 million).
In the structure of liabilities, a big part (92.7 percent) accounted for the deposits, the volume of which has decreased since the beginning of the year by 20.9 percent up to 254 million manat ($149 million).
At the same time, most of the deposits, about 67 percent, accounted for the deposits of legal entities - in the amount of 169.9 million manat ($99.9 million) decreasing by 25.4 percent.
The volume of deposits of individuals amounted to slightly more than 84.1 million manat ($49.5 million), decreasing by 10 percent in the first half of 2020.
The liabilities to the credit and financial organizations amounted to almost 14.2 million manat ($8.3 million), an increase of 19.3 percent since the beginning of the year. The amount of current and deferred tax liabilities amounted to almost 0.9 million manat ($0.5 million). Other liabilities amounted to 5.5 million manat ($3.2 million).
In accordance with the report, the share capital has not changed since the beginning of the year and amounted to 55.4 million manat ($32.6 million). The bank's undistributed profit amounted to 24.1 million manat ($14.2 million). Total reserves amounted to 1.8 million manat that’s $1.06 million (an increase of 21.7 percent).
The total capital of the bank for the first half of 2020 amounted to 81.2 million manat ($47.8 million), decreasing by only 10,000 manat ($5,882) compared to the same period of 2019.
(1 USD = 1.7 AZN on July 29)
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