BAKU, Azerbaijan, Feb. 4
By Zeyni Jafarov - Trend:
As of four quarters of 2020, Azerbaijan’s Express Bank’s total liabilities decreased by 14.2 percent up to 192.4 million manat ($113.2 million), Trend reports citing the bank's balance sheet.
In the structure of liabilities, a big share (61.7 percent) accounted for deposits, which decreased by 31.9 percent and amounted to 118.7 million manat ($69.8 million).
At the same time, over 78.8 percent accounted for deposits of individuals, which decreased by 34.5 percent up to 93.5 million manat ($55 million).
The deposits of legal entities accounted for 21.2 percent - 25.1 million manat ($14.8 million) while the decrease relative to the four quarters of 2019 reached 20.3 percent.
Liabilities to the Central Bank of Azerbaijan, credit organizations and other financial institutions increased by 4.25 percent for the year and amounted to 42.1 million manat ($24.8 million).
The issued debt securities are estimated at 19.6 million manat ($11.5 million) - 8.1 percent of all liabilities. Other liabilities reached 12.03 million manat that’s $7.07 million (an increase of 24.9 percent).
In accordance with the report, the share capital of Express Bank did not change on an annualized basis and amounted to 112.5 million manat ($66.2 million).
Retained earnings approached 5.3 million manat ($3.1 million) while capital reserves - 3.2 million manat ($1.9 million).
The aggregate capital of Express Bank in 2020 amounted to 121.06 million manat ($71.2 million), increasing by 5.8 percent for the year.
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