Companies withdraw funds from Bank BTB


October 22, Fineko/abc.az. Bank BTB announced the results of the 3rd quarter of 2021.

According to the report, its assets increased by 2% up to AZN 363 million, while bank's loan portfolio grew almost by AZN 40 million - net loans increased from AZN 209 million up to AZN 246 million.

The return of funds previously allocated as a reserve helped the bank to make profit. As a result of refund of AZN 1.1 million, Bank BTB completed the reporting period with net profit of AZN 1.174 million.

And Bank's deposit portfolio changed in a different way. Term deposits of clients increased from AZN 97 million up to AZN 128 million, and demand deposits decreased from AZN 42 million to AZN 16 million.

Bank's total liabilities have grown almost by AZN 6 million up to AZN 308 million.

At the end of the quarter the Bank increased its capital from AZN 54 million up to AZN 55.7 million.