Muganbank`s liquidity position remains stable

17:56 - 28.06.2019


June 28, Fineko/abc.az. In 2018 and for the first 5 months of 2019 Muganbank's liquidity position remained stable, and Bank's liquid assets reserve was sufficient to repay Bank's liabilities in both normal and crisis periods.

The report, distributed by Muganbank, says that by 1 April 2019 its large liquid assets covered about 22% of all the deposits of customers, and high liquid assets at that date made up only 7% of the total assets.

Also, over the past year Muganbank has managed to increase customer deposits due to the growing trust of depositors and comparatively high interest rates on customer funds.

The report also says that due to stable deposits of customers, as well as additional liquidity obtained within the system-wide state support program, it is expected that the liquidity buffer of Muganbank will remain at an adequate level.

 

Other news