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Muganbank increased loans to customers for past half-year

27.07.2021,16:47


July 27, Fineko/abc.az. In the 1st half of 2021 the total assets of Muganbank increased by AZN 22.49 million or by 3.8% (compared with 1st half of 2020), reaching AZN 613.397 million.

ABC.AZ informs that for the reported term the loans given to customers increased by AZN 35.7 million or by 10.4%, reaching AZN 371.17 million.

As of 30 June 2021 Muganbank had a total capital of AZN 101.334 million(2-fold more than the minimum requirement).

At the end of 2020 Muganbank had total capital of AZN 91.697 million. The Bank meets the norms in excess.

Thus, in Muganbank the capital adequacy ratio of the 1st degree made up 14.94% (the norm is at least 5%), the total capital adequacy ratio was 18.79% (at least 10%), and the leverage ratio 12.64% (at least 4%).