February 17, 2021

In the fourth quarter of 2020, the assets of Ziraat Bank-Azerbaijan amounted to 298 million 961 thousand manats. Compared to the same period in 2019, the bank’s assets increased by 45 million 470 thousand manats or 17.9%. During the reporting period, the bank increased its loan portfolio by 12 million 875 thousand manats or 8.8%, which amounted to 158 million 309 thousand manats. The bank’s liabilities increased by 42 million 535 thousand manats or 23.3%, amounting to 224 million 830 thousand manats. The volume of deposits in the bank amounted to 151 million 868 thousand manats (growth by 66 million 227 thousand manats or 77.7%). The bank’s capital increased by 2 million 935 thousand manats or 4.1% to 74 million 130 thousand manats. In the fourth quarter of 2020, Ziraat Bank-Azerbaijan showed a net profit of 2 million 111 thousand manats, while paying taxes on profits in the amount of 527 thousand manats.

 

Source: Turan News Agency

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