Bank of Baku overall capital has doubled

19.07.2019,17:56


July 19, Fineko/abc.az. As of 30 June 2019 the total amount of BoB assets reached AZN 291.238 million (including AZN 172.157 million of loans given to customers), total liabilities AZN 219.5 million, and overall balance capital AZN 71.735 million.

Bank’s quarterly report says that as of 30 June 2018 BoB’s total assets reached AZN 299.459 million (including AZN 186.497 million of loan given to customers), total liabilities AZN 261.7 million, and overall capital balance AZN 37.746 million.

As of 31 March 2019 BoB total assets amounted to AZN 299.459 million (including AZN 180.926 million of loans given to customers), total liabilities AZN 238.5 million, and overall capital balance AZN 32.1 million.

The cause for the increase in the total balance sheet capital is the complete elimination of the accumulated loss due to the received profit.

On 30 June 2019 Bank’s total capital reached AZN 56.48 million.

At the end of March 2019 Bank’s overall capital amounted to AZN 18.705 million. Thus, after the payment of compensation on dollar loans in May, the overall capital of BoB exceeded the minimum demand (AZN 50 million).