Retained loss of Bank BTB exceeds AZN 14 million

16:07 - 13.07.2021


July 13, Fineko/abc.az. As of 30 June 2021 the assets of BTB Bank OJSC amounted to AZN 354.933 million (AZN 5.229 million less against 1st half of 2020), according to the Index.az analysis on Bank’s financial statements for the 2nd quarter of 2021.

The analysis shows that Bank's loan portfolio at the end of the 1st half of 2021 amounted to AZN 237.18 million.

Over the past part of the year Bank's loan portfolio increased by AZN 27.257 million. By 1 July 2021 the demand deposits of the bank's customers amounted to AZN 15.743 million and the term deposits AZN 122.912 million.

In other words, the demand deposits decreased by AZN 35.916 million compared with the same period of 2020. And term deposits increased by AZN 40.113 million over the year.

In general, customers withdrew deposits in the amount of AZN 4,217 million manats.

Although the bank ended the 1st half of 2020 with loss of AZN 107,000, it ended the same period with net profit of AZN 538,000.

Due to that, bank's retained earnings decreased to AZN 14.417 million.

 

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