Share of manats in ASB Bank’s deposit portfolio declines


July 30, Fineko/abc.az. The share of manats in the deposit portfolio of the Industrial Bank of Azerbaijan (ASB Bank) is decreasing.

ABC.AZ reports that this is stated in ASB Bank’s financial report for 1st half of 2021.

According to the report, out of deposits in the amount of AZN 615.06 million, raised from customers in the equivalent of AZN 254.23 million – in dollars (decreased by 6.1% in annual comparison). This also means that it has a 41.33% share in the portfolio. For the same period of the previous year the share of the US dollar made up 39%.

The share of the portfolio in the national currency in the equivalent of AZN 106.93 million was 17.3% (in the previous year - 21.8%), in euro in the equivalent of AZN 61.11 million 9.9% (12.7%) and in other currencies in the equivalent of AZN 192.79 million – 31.3% (26.5%).