Xalq Bank sums up results of 2018

12:39 - 24.01.2019


January 24, Fineko/abc.az. Azerbaijan’s Xalq Bank has summed up the results of its activity for 2018.

The Bank reports that Bank’s assets by early 2019 grew by 10.73% or AZN 194.5 million up to AZN 2.008 bn, and thus the XB got in Top 4 of the largest banks of the country.

Compared to the results of 2017, Bank's capital increased by AZN 22.6 million (8.71%) up to AZN 282.48 million. Last year, XB retained its place in Top 3 of largest private banks in Azerbaijan on the loan portfolio. The Bank managed to increase its loan portfolio by 5.36% up to AZN 1.38 bn, and growth for 2018 totaled AZN 70.38 million," XB said in a statement.

XB deposit portfolio for the past year grew by 7.56% and reached AZN 1.259 bn. The Bank completed its financial year with net profit of AZN 27.77 million. Compared to the final figures by the end of 2017, Bank’s profit increased by 57.6% in 2018. Growth of the number of active plastic cards for the past year made up 21.9%. In general, the number of customers using XB services and products increased by 14.84% last year.

 

Other news