Retail deposits at Expressbank have grown

15:49 - 26.07.2019


July 26, Fineko/abc.az. Expressbank has unveiled the financial statements for the 1st half of 2019 (Jan-Jun period).

According to Bank’s report compared with 30 June 2018, its assets reduced, but the loans given to customers increased.

The report says that Expressbank's assets fell by 20.7% to AZN 348.7 million. The reduction in Bank's assets is linked mainly with the decrease in cash money and deposits of customers. Loans given to customers grew almost by AZN 40 million or 19.5% up to AZN 245.35 million as of 30 June 2019.

Expressbank’s retail deposits reduced by 31% to AZN 180.366 million for thereported term (versus Jan-Jun 2018). A fall in retail deposits is linked mainly with the decrease of funds on the accounts of legal entities and individuals.

Bank’s report says that since early 2019 the retail deposits have increased by 15% or by AZN 18.3 million.

 

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