BAKU, Azerbaijan, July 23
By Zeyni Jafarov – Trend:
The total liabilities of the subsidiary bank of the Turkish Ziraat Bank in Azerbaijan increased by 35.6 percent in the first half of 2021 compared to the same period of 2020, and exceeded 273 million manat ($160.5 million), Trend reports citing the bank's balance sheet.
“In the structure of liabilities, the largest share (69.3 percent) fell on deposits (growth by 58.6 percent over the year). The volume of deposits amounted to 189.2 million manat ($11.3 million), of which 136.9 million manat or $80.5 million (72.3 percent) accounted for foreign currency,” the report said.
At the same time, in the structure of bank deposits, private deposits of individuals, most of which are also in foreign currency, amounted to 21.4 million manat ($12.6 million). Deposits of financial institutions, including banks, amounted to 61.1 million manat ($35.9 million), an increase of 13.2 percent over the year.
Loro accounts, 77 percent of which are denominated in foreign currency, amounted to 3.06 million manat ($1.8 million), which is 59.9 percent less than in the first half of 2020.
According to the report, the bank's equity capital increased by 3.3 percent during the reporting period, amounting to 72 million manat ($42.3 million). The share capital in the form of issued ordinary shares on an annual basis did not change and amounted to 50 million manat ($29.4 million).
The total capital of Ziraat Bank in Azerbaijan in the first half of 2021 amounted to 76.6 million manat ($45 million), an increase of 4.9 percent over the year.
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