Xalq Bank has largest loan portfolio among private banks in Azerbaijan - about AZN 2 bn


January 27, Fineko/abc.az. Xalq Bank has unveiled its financial statements for 2019.

ABC.AZ informs with reference to XB’s report that Bank’s assets by early 2020 grew by 22.42% or AZN 450.3 million (compared with the indicator by early 2019) up to AZN 2.458 bn and Xalq Bank retained its place in Top 3 of key private banks of the country.

Compared with 2018, Bank's capital grew by AZN 137.3 million (48.59%) up to AZN 419.73 million. The Bank managed to increase its loan portfolio by 32.33% up to AZN 1.83 bn; rise of AZN 447.038 million for 2019. By early 2020 this is the highest indicator among private banks in Azerbaijan.