BAKU, Azerbaijan, Oct. 12
By Zeyni Jafarov - Trend:
The loan portfolio of Azerbaijani Bank BTB equaled 214.2 million manat ($126 million) in the past nine months of 2020, having increased by 2.05 percent compared to the second quarter of 2020, Trend reports citing the bank's financial report.
“From January through September 2020, the value of bank’s assets made up 355.8 million manat ($209.2 million), increasing by 4.2 percent. Meanwhile, the bank's liabilities amounted to 291.1 million manat ($171.2 million), which is 1.7 percent less compared to the second quarter of this year,” the report said.
According to the report, the bank's capital for the reporting period amounted to 64.7 million manat ($38 million), showing an increase of 1.09 percent compared to the second quarter of this year. The authorized capital hasn’t changed and remained at the level of 66.4 million manat ($39 million),” the report said.
In 3Q2020, the bank's net profit plunged by 88.9 percent compared to 3Q2019 and stood at 442,000 manat ($260,000).
Bank BTB OJSC received a license for banking activities in Azerbaijan in 2010. The bank's shareholders are three individuals.
(1 USD = 1.7 AZN on Oct. 12)
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