AGBank’s net loss for first 6 months of 2018 exceeded AZN 5 million

16:25 - 26.07.2018


July 26, Fineko/abc.az. Azerbaijani AGBank’s assets decreased by 0.1% to AZN 487.79 million in the 1st half of 2018.

By the end of the reporting period Bank’s loan portfolio reduced by 6.8% to AZN 263.6 million.

By early July of the year Bank’s liabilities rose by 0.8% up to AZN 444.595 million.

By 30 June 2018 AGBank’s deposits increased by 1% up to AZN 218.779 million, including retail deposits decreased by 3.0% to AZN 164.807 million.

At the end of the reporting period, Bank's capital declined by 8.4% to AZN 43.195 million, while equity capital increased by 1.2% up to AZN 103.4 million.

Bank’s net loss for the past 6 months of 2018 amounted to AZN 5.139 million.

AGBank was founded in 1992 and is in Top 15 of banks of Azerbaijan.

 

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