Baku, Azerbaijan, April 13
By Zeyni Jafarov - Trend:
As of the first quarter of 2021, the Baku branch of the state-owned Bank Melli Iran's total liabilities increased by 4.1 percent compared to the same period of 2020, Trend reports on April 13 citing the bank's balance sheet.
In accordance with the report, the bank's total liabilities increased by 2.5 million manat ($1.5 million) up to 63.2 million manat ($37.2 million).
In the structure of liabilities, 44.8 percent (28.3 million manat that’s $16.6 million) accounted for liabilities to financial institutions, which decreased by 11.7 percent for the year.
The volume of client accounts amounted to 16.6 million manat ($9.8 million), an increase of 44.9 percent on an annualized basis.
Subordinated loan liabilities reached 17.9 million manat ($10.5 million), increasing by 6.2 percent in annual circulation.
The deferred income tax liabilities amounted to 318,560 manat ($187,388), increasing by one percent compared to the corresponding period of 2020.
Other liabilities accounted for 33,875 manat ($19,926).
In accordance with the report, the share capital in annual terms did not change and amounted to 73.6 million manat ($43.3 million). The uncovered loss of the bank amounted to 35.6 million manat ($20.9 million).
The bank's total capital during the reporting period increased by 3.2 percent up to 38 million manat ($22 million) compared to 36.8 million manat ($21.6 million) in the first quarter of 2020.
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